Prevail... LMAO ... Win resoundingly and and slam dunk the 300 dollar claimants....
On top of that, We'll file personal lawsuits on each and every one of them that doesn't have a legitimate claim. Remember we're in New Orleans Federal Court and I know the judges there quite well. It won't take those Judges long to see bad faith. I want you to know, some of our investors are prominent New Orleans attorneys. God help them if they get a bad faith ruling from the judge.
What If The Involuntary Fails? Filing an involuntary bankruptcy petition against a company is, of course, serious business, and the consequences of failing are equally serious.
- Once filed, an involuntary petition cannot be dismissed without a notice and an opportunity for a hearing, even if the petitioning creditors and the company agree.
- If the involuntary petition is dismissed, the petitioning creditors can be liable for costs and attorney's fees of the company.
- If the bankruptcy court determines that the involuntary petition was filed in bad faith, the petitioning creditors can be liable as well for damages caused by the involuntary filing and even for punitive damages.
