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In re Zapas

In re Zapas

Ruling
Involuntary case could move forward where three petitioning creditors held judgment claims and met the numerosity requirement.
Issue(s)
Should an involuntary chapter 7 bankruptcy be dismissed as not filed by three or more creditors, based on claims that are subject to bona fide dispute and where a later-joining creditor's claim was allegedly barred by the statute of limitations?

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Consumer opinion summary, case decided on May 01, 2015 , LexisNexis #0515-109