The U.S. Court of Appeals for the Second Circuit quietly affirmed a bankruptcy court's dismissal of an involuntary petition because the petitioners' "claims were the subject of bona fide disputes
Second Circuit Affirms Slashing of Unreasonable Fees In Dismissed Involuntary Bankruptcy Case
An involuntary bankruptcy petition is a limited, risky remedy for both creditors' counsel and debtor's counsel. The fee problems encountered by counsel for the petitioners and the putative debtor in this case provide a cautionary tale.

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