Taberna Preferred Funding IV, Ltd., In re

Ruling: 
Petitioning creditors failed to demonstrate that secured creditors may waive a security interestheld by a third party in order to create an unsecured claim and thereby become eligible to filean involuntary petition. (Bankr. S.D.N.Y.)
Issue: 
Involuntary Cases.
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Commercial case opionion summary, case decided on November 27,2017, LexisNexis #0118-002