A Real Live Involuntary Bankruptcy

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Involuntary bankruptcy petitions are a fascinating and a fundamental part of our bankruptcy system.  They are quite rare overall, although somewhat less so in the biggest chapter 11 cases, according to LoPucki and Whitford’s early research.   But the disappearance of a Chapel Hill lawyer has prompted the filing of an involuntary petition – – a media report here.   Pursuing a bankruptcy case against a missing person will be a challenge worth watching.