In Re SBA Factors of Miami, Inc.

MEMORANDUM DECISION

THOMAS C. BRITTON, Bankruptcy Judge.

A single creditor, Classic Printers, Inc., with a claim of $29,000, has filed an involuntary petition against this debtor under 11 U.S.C. § 303(h)(1). (C.P. No. 1). The alleged debtor has denied the material allegations and has counterclaimed for costs, fees and damages, actual and punitive, alleging that the petition is groundless, improper and filed in bad faith. (C.P. No. 4). At the trial, two other creditors, Venture Group, Inc., with a claim of $69,000 and Philip Dennis, Venture’s representative, with a personal claim of $8,100, each…