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Can deadbeat be forced into bankruptcy by success

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Reference no: EM133458635

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Deadbeat, a retailer, had the following assets: one factory valued at $4 million; accounts receivables of $400,000; and a money market account of $89,000. Deadbeat's only liability is a $678,000 short term loan due and payable to Success, Inc. which he is unable to pay. Can Deadbeat be forced into bankruptcy by Success, Inc.?

Reference no: EM133458635

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