In Re Raymark Industries, Inc.

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

Before the court is a motion filed by Raymark Industries, Inc. (“Raymark”) requesting that we dismiss the involuntary Chapter 11 bankruptcy petition filed against it by sixty-eight creditors on the ground that these creditors lack standing under 11 U.S.C. § 303(b)(1). Because we find that three or more of the petitioning creditors hold claims against Raymark which are not contingent as to liability or the subject of a bona fide dispute, we must deny Raymark’s motion to dismiss. A brief recitation of the relevant facts follows.

This involuntary case…