Rule 1003. Involuntary Petition: Transferred Claims; Joining Other Creditors; Additional Time to Join
(a)Transferred Claims. An entity that has transferred or acquired a claim for the purpose of commencing an involuntary case under Chapter 7 or Chapter 11 is not a qualified petitioner. A petitioner that has transferred or acquired a claim must attach to the petition and to any copy:
(1) all documents evidencing the transfer, whether it was unconditional, for security, or otherwise; and
(2) a signed statement that:
(A) affirms that the claim was not transferred for the purpose of commencing the case; and
(B) sets forth the consideration for the transfer and its terms.
(b)Joining Other Creditors After Filing. If an involuntary petition is filed by fewer than 3 creditors and the debtor’s answer alleges the existence of 12 or more creditors as provided in § 303(b), the debtor must attach to the answer:
(1) the names and addresses of all creditors; and
(2) a brief statement of the nature and amount of each creditor’s claim.
(c)Additional Time to Join. If there appear to be 12 or more creditors, the court must allow a reasonable time for other creditors to join the petition before holding a hearing on it.
(As amended Mar. 30, 1987, eff. Aug. 1, 1987; Apr. 2, 2024, eff. Dec. 1, 2024.)