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    Creditors beware: Eleventh Circuit imposes greater liability on a petitioning creditor whose petition is later dismissed
    13 April 2015

    Creditors of an entity or individual who is not paying its or his debts as they ordinarily come due may seek to have the alleged debtor adjudicated a bankrupt by the filing of an involuntary petition.  Section 303 of the Bankruptcy Code governs the filing of involuntary bankruptcy petitions and allows creditors to force debtors into a liquidation or reorganization.

    USA, Insolvency & Restructuring, Litigation, Berger Singerman LLP, Debtor, United States bankruptcy court, Eleventh Circuit

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