Many individuals and companies may choose to file for bankruptcy because they become insolvent. In some cases, however, they are insolvent and try to prevent a bankruptcy filing. 

In this case, creditors may try to force the company into bankruptcy. One option for creditors is an involuntary bankruptcy, which forces debtors into bankruptcies so that creditors can collect debt payments. 

If you or anyone you know has questions about bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP, at 512-338-1100.