The particular creditor had put in $250k through a convertible note. There were almost no assets, small saas startup. But the creditor was trying to use his lev

The particular creditor had put in $250k through a convertible note. There were almost no assets, small saas startup. But the creditor was trying to use his leverage to take over the company. He got pissed when we filed for Chapter 7 instead, then bought all claims and assets from the Trustee and sued us founders personally. Long story.