In Re a & J Quality Diamonds, Inc.
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
MEMORANDUM OPINION AND ORDER AFTER TRIAL DENYING RELIEF UNDER INVOLUNTARY CHAPTER 7 PETITION
MARTIN GLENN, Bankruptcy Judge.
On August 7, 2007, GM Gold & Diamonds LP, A-V Diamonds Inc., and Gold & Gems Holding, Inc. (“Petitioners”), three trade creditors, filed an involuntary chapter 7 petition against A & J Quality Diamonds, Inc. (“Debtor”). The chapter 7 petition lists the three petitioners’ claims as totaling $346,316.05. The involuntary petition was contested. See Fed. R. BankR.P. 1011. A trial was held on October 24, 2007. For the reasons explained below, the Petitioners failed to prove…
2Cases cited10 opinions
- In Re B.D. International Discount Corp., Debtor-Appellant. B.D. International Discount Corp. v. Chase Manhattan Bank, N.A.Court of Appeals for the Second Circuit · 1983
- In Re Euro-American Lodging Corp.United States Bankruptcy Court, S.D. New York · 2007
- In Re Ceresa Annette Rothery, Debtor. Larry Cunningham v. Ceresa RotheryCourt of Appeals for the Ninth Circuit · 1998
- In Re Paper I Partners, L.P.United States Bankruptcy Court, S.D. New York · 2002
- In Re Concrete Pumping Service, Inc., Debtor, Concrete Pumping Service, Inc. v. King Construction Company, Inc.Court of Appeals for the Sixth Circuit · 1991
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