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IN RE SAGO PALMS JOINT VENTURE

Bankruptcy No. 82-2110-BKC-TCB.

27 B.R. 33 (1982)

In re SAGO PALMS JOINT VENTURE, Debtor.

United States Bankruptcy Court, S.D. Florida.

December 16, 1982.

Attorney(s) appearing for the Case

Christine Hall Larson, Ft. Lauderdale, Fla., for creditor.

Curtis Carlson, Miami, Fla., for petitioning creditors.

Terence J. Watterson, West Palm Beach, for debtors.

MEMORANDUM DECISION—INVOLUNTARY PROCEEDING

THOMAS C. BRITTON, Bankruptcy Judge.

Three petitioning creditors filed this involuntary petition under chapter 7. The alleged debtor has answered. The matter was tried on November 30.

The debtor has conceded that the petitioning creditors meet the statutory requirements specified in 11 U.S.C. § 303(b)(1). The debtor has also conceded that it is generally paying its debts as such debts become...

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