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Where a creditor has filed an involuntary petition against a debtor, that petition must be dismissed because the debtor had more than 11 eligible creditors as of the petition date, triggering a statutory requirement of three qualifying creditors. “This matter came before the Court on the involuntary petition (‘Involuntary Petition’) filed on February 11, 2022 ....
Sale of Legal Sea Foods leaves vendors with piles of unpaid bills There was only so much Roger Berkowitz could do for unsecured creditors in the December deal By Larry Edelman Globe Columnist,Updated February 18, 2021, 9:40 a.m. Email to a Friend The subject line was a grabber: âRoger Berkowitz and Legal Seafood [sic] deal stiffs creditors.â The e-mail came from a sales rep for a supplier to Legal Sea Foods, the Boston restaurant chain that, you may remember, was sold in a pandemic fire sale in December. âAfter selling to them for over 30 years I got this letter telling me that they are not going to pay me for the products they bought and used from September to December,â the sales rep wrote. âThey know that fighting it in court would cost me more than I would get back and the same goes for the 150 or so other people they stiffed.â ....