this post was submitted on 11 Jun 2023
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Apparently the threshold in the US before courts can appoint a liquidator to take over a corporation following an involuntary bankruptcy petition is debts (with no bona fide dispute about them) totaling US$10,000 or more above the securities the creditors hold.
If there is any truth to all this discussion of Elon Musk arranging that Twitter's debts for rent, cloud services, etc... not be paid, surely it is only a matter of time before creditors file such a petition, and he loses control of Twitter.