- 11 U.S.C.
In re Elverson
May
15
2013
Ruling
Involuntary petition dismissed as petitioning creditor's claim was subject to bona fide dispute.
Procedural posture
A putative creditor filed an involuntary bankruptcy petition against a proposed bankruptcy debtor alleging that the debtor owed the creditor a substantial sum for loans made to the debtor over a period of 15 to 20 years. The debtor asserted that the creditor's claim was subject to bona fide dispute, and the debtor moved to dismiss the involuntary petition based on lack of standing under 11 U.S.C.S. § 303(b)(1).
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Court
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