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1) Petitioning creditors filed an involuntary bankruptcy petition against Stevens Jrs., Inc. alleging acts of bankruptcy including transferring over $10,000 of property with intent to hinder or delay creditors and preferring certain creditors over others. 2) Despite the generality of the allegations, Stevens Jrs. filed an answer denying the alleged acts of bankruptcy. Later, Stevens Jrs. moved to dismiss the petition for failure to state a claim. 3) The referee denied the motion to dismiss, finding the

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