Matter of Luftek, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• debtor liquidated assets and used all proceeds to make only partial payments, thus it was not considered generally paying its debts
• (1) an arrangement is being worked out by creditors and debtor out-of-court; (2) creditors are not prejudiced by the arrangement and; (3) an involuntary case has been commenced by a few recalcitrant creditors
• “The Code authorizes assessment of costs and damages if a case is dismissed under section 303 . . . This section does not apply to dismissals under section 305 of the Code.”

Source: CourtListener parenthetical corpus (CC0).