Can I put a debtor into involuntary bankruptcy?

The Bankruptcy Code provides that an involuntary petition may be filed against a debtor that is “not generally paying its debts as such debts become due.” In the case of a debtor with twelve or more creditors, at least three creditors must join in the petition. The alleged debtor may oppose the petition and if successful, is entitled to recover damages, attorney fees and even punitive damages from the petitioning creditors. Aggressively pursuing remedies under state law, like attaching the debtor’s bank account, may drive the debtor into bankruptcy immediately, or exact special concessions from a debtor who is desperately trying to avoid bankruptcy, without the risk and other disadvantages of an involuntary petition.