- 11 U.S.C.
In re Aurora Capital Inc.
Jun
12
2009
Ruling
Petitioning creditors were eligible regardless of whether their debt was subordinated where there was no bona fide dispute as to validity or amount.
Procedural posture
Creditors filed an involuntary petition against debtor, which was a holding company of certain subsidiaries, that financed the purchase of used cars through the acquisition of retail installment contracts. Pursuant to 11 U.S.C.S. § 303, the debtor filed a motion to dismiss the involuntary petition. The creditors contested the motion.
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Court
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