- 11 U.S.C.
In re Quantum Cool LLC
Jul
15
2013
Ruling
Involuntary petition dismissed due to existence of bona fide dispute as to petitioning creditor's claims.
Procedural posture
Pursuant to 11 U.S.C.S. § 303(h), a debtor moved to dismiss an involuntary petition filed by petitioning creditors. The debtor also sought an award of reasonable costs and attorney's fees under § 303(i)(1) and punitive damages under § 303(i)(2). Only one petitioning creditor appeared. The issues were limited to whether the debtor's liability to the creditor was subject to a bona fide dispute and whether the petition was filed in bad faith.
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Court
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