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In re Green Hills Dev. Co. LLC

In re Green Hills Dev. Co. LLC

Ruling
Involuntary petition dismissed where creditor did not show debtor was not paying debts as they came due or that its claim was not subject to bona fide dispute.
Procedural posture

An alleged debtor filed a motion to dismiss petitioning creditor's involuntary Chapter 7 petition filed against it pursuant to 11 U.S.C.S. § 303. The creditor filed a motion for summary judgment.

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Commercial opinion summary, case decided on February 17, 2011 , LexisNexis #0311-036