In Re Camelot, Inc.

MEMORANDUM

CLIVE W. BARE, Bankruptcy Judge.

This matter is before the court on an involuntary petition for relief under Chapter 11 of Title 11 of the United States Code filed by a husband and wife.

FINDINGS OF FACT

A. The Pleadings

1. On February 23,1982, petitioners, Ruben C. Hayden and Helen D. Hayden (hereinafter referred to collectively as “the Hay-dens” unless otherwise so specified), filed an Involuntary Petition against the debtor, Camelot, Inc., alleging that they were creditors of the debtor holding claims, not contingent as to liability, amounting in the aggregate, in excess of the value…