In re DemirCo Group (North America), L.L.C.

OPINION

MARY P. GORMAN, Bankruptcy Judge.

This matter comes before the Court upon an involuntary petition filed February 17, 2006, under Chapter 7 of the Bankruptcy Code by Charter One Bank, N.A. (“Petitioning Creditor”) against the alleged debtor, DemirCo Group (North America), L.L.C. (“Group”). Group has filed an Answer and Motion to Dismiss the involuntary petition.

Factual Background

Petitioning Creditor and Group have stipulated to most of the relevant facts. Group is one of several affiliated companies that borrowed money from Petitioning Creditor. In addition to Group, the affiliated…