Bankruptcy Law Case Summary – Fustolo v. 50 Thomas Patton Drive

On behalf of Furr & Cohen, P.A. posted in News on Friday, May 6, 2016.

In an involuntary bankruptcy proceeding, the bankruptcy court’s decision, which found defendant qualified to join with two other creditors also holding non-contingent, undisputed claims to force plaintiff into an involuntary bankruptcy proceeding, is affirmed where a claim to payment defendant holds against plaintiff “is not contingent as to liability or the subject of a bona fide dispute as to liability or amount” within the meaning of section 303(b)(1) of the Bankruptcy Code, 11 U.S.C. section 303(b)(1).