Explain what will be the result in given contention

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John Bunker has assets of $130,000 and liabilities of $185,000 owed to nine creditors. Nonetheless, his cash flow is positive and he is making payment on all of his obligations as they become due. I. M. Flintheart, who is owed $22,000 by Bunker, files an involuntary petition in bankruptcy against Bunker. Bunker contests the petition. What will be the result? Explain.

Reference no: EM131390649

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