When a debtor successfully contests and obtains dismissal of an involuntary bankruptcy petition, the debtor can assert a broad range of damage claims against the petitioning creditors.
Blixseth argued that the petitioning creditors did not satisfy the requirements of Bankruptcy Code section 303(b)(1) because three creditors with non-contingent undisputed unsecured claims, totaling at least the minimum statutory threshold of $14,425 on the Petition Date, did not join the involuntary petition.
But suffragettes never entirely abandoned petitioning.
For Irish suffragists, petitioning allowed them to challenge the British Parliament as well as supporting the wider campaign.
If the debtor contests the involuntary petition, the petitioning
creditors must also prove, as a prerequisite to being granted relief on the involuntary petition, that the debtor is generally not paying its debts that are not otherwise subject to a bona fide dispute as to liability or amount as such debts become due.
One practical way to empower citizens is by strengthening our longstanding petitioning
Instead of standing and demanding answers as to why people around Los Angeles County are petitioning
to secede in the first place, Molina and Burke are leading the charge to keep the little people in their place.
Plus Three designed a petitioning
system that allows the different member-groups of the AHR to personalize the petitions with unique messaging and petition Web pages.
The court disqualified the petitioning
creditor because its claim was subject to bona fide dispute as to liability and amount.
Need I add that I personally am still in favour of ensuring that a response be given to citizens who take the trouble of petitioning
their elected representatives?
the city of Nashua with the option to delay petitioning
creditors face the risk of a huge sanctions claim in the event the Bankruptcy Court dismisses their involuntary bankruptcy petition based upon their failure to comply with the requirements of Bankruptcy Code Section 303.
The petitioners should have been allowed on Van Nuys Airport to do their petitioning
We believe that the petitioning
manufacturers are as efficient as anyone in the industry, but we do not believe that anyone can produce and ship replacement windshields at prices we're seeing from China without losing money," Goudy said.
An involuntary bankruptcy may be an appealing alternative to an out-of-court workout in a number of situations, including those where a debtor is unwilling to disclose financial information, a debtor is engaged in fraudulent activity, a debtor is unable to obtain credit as a result of the unwillingness of the trade and banks to extend credit, and the petitioning
creditors seek to utilize the trustee's right to reject or assume and assign leases under the Bankruptcy Code.