Section 12.34 Sample Letter to Creditor

• Library: Bankruptcy 2015 Cum - Forms

Dear Creditor X:

I believe that the filing of an involuntary bankruptcy is appropriate in this case. An unsecured creditor of the Debtor recently secured a large judgment and has transcribed a lien on the real estate owned by the Debtor in a county other than where the judgment was entered. This judgment lien is a transfer that could be avoided by a bankruptcy trustee if the case is commenced within 90 days of the date on which the lien was recorded. The real estate could be sold and the proceeds shared...