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§ 303(b)

In re TPG Troy LLC

Ruling
Involuntary case dismissed due to numerous contested issues.
Procedural posture

Alleged debtors filed a motion to dismiss involuntary chapter 7 cases filed against them by petitioning creditors (petitioners) on the grounds, inter alia, that petitioners failed to meet their burden under 11 U.S.C.S. § 303(b)(1). The alleged debtors also argued that the court should abstain under 11 U.S.C.S. § 305(a)(1) and sought fees, costs, and damages under 11 U.S.C.S. § 303(i).

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Commercial opinion summary, case decided on May 09, 2013 , LexisNexis #0513-108

In re Antar

Ruling
Involuntary petition allowed to proceed as debtor was not paying debts as they came due.
Procedural posture

Three petitioning creditors filed an involuntary chapter 7 petition against the alleged debtor and the debtor moved for summary judgment in his favor to dismiss or strike the petition. Petitioning creditors filed a cross motion for summary judgment.

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Consumer opinion summary, case decided on April 12, 2013 , LexisNexis #0513-001

In re Vicor Techs.

Ruling
Motion to dismiss involuntary petition denied where it was not disputed that debtor was not paying debts as they came due.
Procedural posture

This case was commenced by the filing of an involuntary chapter 7 petition against the alleged debtor by 13 Petitioning Creditors. The alleged debtor filed a Motion to Dismiss Involuntary Petition, or, alternatively, for other relief. The Petitioning Creditors filed a Motion for Summary Judgment. Prior to setting an evidentiary hearing on the Motion to Dismiss, the court found it appropriate to rule on the Motion for Summary Judgment.

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Commercial opinion summary, case decided on April 05, 2013 , LexisNexis #0513-002

In re Roselli

Ruling
Involuntary petition filed by sole petitioning creditor dismissed as debtor had more than 12 qualifying creditors with noncontingent undisputed debts.
Procedural posture

This matter came before the court on alleged debtor's answer to a creditor's involuntary petition, motions to dismiss, and counterclaims.

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Consumer opinion summary, case decided on March 06, 2013 , LexisNexis #0313-106

Marciano v. Chapnick (In re Marciano)

Ruling
Unstayed, non-default judgment that was on appeal was not subject to bona fide dispute so as to defeat involuntary petition.
Procedural posture

Alleged debtor appealed a decision of the U.S. Bankruptcy Appellate Panel for the Ninth Circuit, which affirmed a bankruptcy court decision granting petitioning creditors' motion for summary judgment on its involuntary petition.

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Court :
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on February 27, 2013 , LexisNexis #0313-075

In re Stillwater Asset Backed Offshore Fund Ltd.

Ruling
Dismissal of involuntary petition denied where ineffective distribution in kind did not satisfy debts of petitioning creditors or create a bona fide dispute.
Procedural posture

Petitioning creditors filed an involuntary chapter 11 case against the alleged debtor. The alleged debtor contested the involuntary petition, seeking an order, pursuant to 11 U.S.C.S. §§ 105(a), 303, and 305, (i) dismissing the petition, (ii) imposing sanctions against the petitioning creditors, and (iii) scheduling a damages hearing and directing the petitioning creditors to post a bond pending such hearing.

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Commercial opinion summary, case decided on January 17, 2013 , LexisNexis #0213-038

In re Miller

Ruling
Twelve clearly undisputed loans were sufficient basis for filing involuntary petition.
Procedural posture

A bank filed an involuntary petition under chapter 7 of the Bankruptcy Code, seeking an order placing an individual debtor into bankruptcy. The debtor opposed the bank's petition, claiming that the bank did not meet the qualifications imposed by 11 U.S.C.S. § 303(b)(1) to be a petitioning creditor. The debtor filed a motion for summary judgment.

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Consumer opinion summary, case decided on December 07, 2012 , LexisNexis #0113-036

In re Fachini

Ruling
Involuntary case dismissed due to fabricated claim by petitioning creditor.
Procedural posture

Sua sponte, the court considered the matter of an involuntary chapter 7 petition filed under 11 U.S.C.S. § 303(b).

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Consumer opinion summary, case decided on February 10, 2012 , LexisNexis #0312-002

In re Clarke

Ruling
Jurisdictional question of single involuntary petition against married debtors resolved by severance.
Procedural posture

Alleged debtors, a married couple, moved to dismiss an involuntary chapter 7 petition filed against them by plaintiff bank. Issues included whether the filing of a single petition against debtors divested the court of subject matter jurisdiction and whether debtors in fact had twelve of more creditors, thereby triggering the three-creditor requirement in 11 U.S.C.S. § 303(b)(1) and (2).

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Consumer opinion summary, case decided on December 20, 2011 , LexisNexis #0212-037

In re Bank of Am.

Ruling
Involuntary case dismissed due to ineligibility of petitioning creditors and likely dispute over validity of claims.
Procedural posture

Petitioning creditors filed a involuntary petition against alleged debtor. The alleged debtor filed a motion to dismiss the involuntary petition.

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Commercial opinion summary, case decided on June 21, 2011 , LexisNexis #0811-001