Dartmouth Inc., a closely held corporation, was petitioned involuntarily into bankruptcy under the liquidation provisions of Chapter 7 of the Federal Bankruptcy Code. Dartmouth contested the petition.Dartmouth has not been paying its business debts as they became due, has defaulted on its mortgage loan payments, and owes back taxes to the IRS. The total cash value of Dartmouth's bankruptcy estate after the sale of all assets and payment of administration expenses is $104,000.Dartmouth has the following creditors:
　　- Fracon Bank is owed $75,000 principal and accrued interest on a mortgage loan secured by Dartmouth's real property. The property was valued at and sold, in bankruptcy, for $70,000.
　　- The IRS has a $12,000 recorded judgment for unpaid corporate income tax.
　　- JOG Office Supplies has an unsecured claim of $2,000 that was timely filed.
　　- Nanstar Electric Co. has an unsecured claim of $1,200 that was not timely filed.
　　- Decoy Publications has a claim of $20,000, of which $2,000 is secured by Dart's inventory that was valued and sold, in bankruptcy, for $2,000. The claim was timely filed.
　　Which of the following creditors must join in the filing of the involuntary petition?
　　I.JOG Office Supplies
　　II.Nanstar Electric Co.
　　III.Decoy Publications.
　　a.III only.
　　b.II & III.
　　c.I & II.
　　d.I, II, & III.
　　Answer:A
　　Choice "A" is correct. If a person has fewer than 12 creditors, any one or more of them with unsecured and undisputed claims that aggregate at least $15,325 more than the value of any collateral securing the claim may file the petition. Decoy Publications has a claim for $18,000 beyond its security. JOG Office Suppliers' claim is for $2,000, not enough by itself to justify filing and unnecessary if Decoy files. Similarly, Nanstar is owed only $1,200, not enough by itself to justify filing and unnecessary if Decoy files.