267 Grounds of creditor's petition
267 Grounds of creditor's petition

(1)     A creditor's petition must be in respect of one or more debts owed by the debtor, and the petitioning creditor or each of the petitioning creditors must be a person to whom the debt or (as the case may be) at least one of the debts is owed.

(2)     Subject to the next three sections, a creditor's petition may be presented to the court in respect of a debt or debts only if, at the time the petition is presented—

(a)     the amount of the debt, or the aggregate amount of the debts, is equal to or exceeds

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