Bepco LP v. 15375 Mem. Corp. (In re 15375 Mem. Corp.)
Jan
27
2009
Ruling
Bankruptcy court erred in failing to dismiss case for bad faith where debtor sought to avoid litigation and protect assets from liability.
Procedural posture
In consolidated bankruptcy cases, appellant creditor challenged the primary ruling of the Bankruptcy Court for the District of Delaware, which denied a motion to dismiss the debtors' petitions as not filed in good faith. Appellees, the debtors and two related parties, both Cayman Islands corporations, cross-appealed other aspects of the bankruptcy court ruling.
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Court
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