In some countries delaying filling for insolvency this way is a crime which is h... | Hacker News

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		dathinab on Jan 1, 2023 \| parent \| context \| favorite \| on: Twitter Sued for Nonpayment of Rent on San Francis... In some countries delaying filling for insolvency this way is a crime which is hold against the person responsible for it (instead of the company). So I'm not sure this is the case tbh. but I'm also not sure if this applies here and I don't know the respective US laws.

butlerm on Jan 1, 2023 [–]

In the United States creditors can file a petition for an involuntary bankruptcy, which if granted would effectively put the company into receivership and no doubt under less friendly administration than a voluntary Chapter 11 filing.

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