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In re Fallon Luminous Prods. Corp.

In re Fallon Luminous Prods. Corp.

Ruling
Order for chapter 7 relief filed against involuntary debtor that was not paying debts as they came due and whose debts were not subject to bona fide dispute.
Procedural posture

This matter was before the court on an Involuntary Petition filed by petitioning creditors, seeking an order for relief under chapter 7 against debtor. Debtor filed its Response to Involuntary Petition and Motion to Dismiss, requesting dismissal of the Involuntary Petition and seeking costs and damages under 11 U.S.C.S. § 303(i).

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Commercial opinion summary, case decided on January 20, 2010 , LexisNexis #0310-106