In re Hicks
Nov
30
2011
Ruling
Involuntary petition was proper where there was no bona fide dispute as to liability for petitioning creditors' claims.
Procedural posture
Petitioner banks filed a petition pursuant to 11 U.S.C.S. § 303(h), seeking entry of an order which placed a debtor into chapter 7 bankruptcy. The debtor opposed the petition, claiming, inter alia, that the petition could not be granted because there was a bona fide dispute as to amounts the banks claimed.
ABI Membership is required to access the full summary of In re Hicks Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: