Credit Union Liquidity Services, L.L.C. v. Green Hills Development Co.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
PRISCILLA R. OWEN, Circuit Judge:
Credit Union Liquidity Services, L.L.C. (CULS) 1 appeals the dismissal of its peti tion for involuntary bankruptcy filed against Green Hills Development Company, L.L.C. (Green Hills) pursuant to 11 U.S.C. § 303. Because we hold that CULS lacked standing to bring the involuntary petition, we affirm the bankruptcy court’s dismissal on this alternative ground.
I
Green Hills entered into a construction loan agreement with CULS as part of a plan to develop approximately 403 acres of land in Brandon, Mississippi (the property). Under that agreement, Green Hills…
2Cases cited43 opinions
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- Adams v. ZarnelCourt of Appeals for the Second Circuit · 2010
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