Many lawyers have written articles about a February 27, 2015 U.S. Court of Appeals (11th Circuit) ruling (In re Maury Rosenberg) against petitioning creditors of an involuntary Chapter 7 proceeding.

INTRODUCTION -

Creditors owed over $5 million filed an involuntary bankruptcy petition against Maury Rosenberg, a Philadelphia businessman who ran a group of radiology screening centers. As reported by Law360 (an online publication), not only did Rosenberg get the petition dismissed, he obtained a judgment of over $1 million against the petitioning creditors for costs and attorneys’ fees as well as compensatory and punitive damages of $360,000, based on a complaint he filed against U.S. Bank and others for $50 million over the “bad faith” involuntary filing.