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IN RE ELRS LOSS MITIGATION, LLC

No. 05-11191-M.

325 B.R. 604 (2005)

In re ELRS LOSS MITIGATION, LLC, Alleged Debtor.

United States Bankruptcy Court, N.D. Oklahoma.

June 6, 2005.

Attorney(s) appearing for the Case

Timothy T. Trump, Tulsa, OK, for Plaintiff.

Mark A. Craige, Fred C. Cornish, Tulsa, OK, for Defendant.

MEMORANDUM OPINION

TERRENCE L. MICHAEL, Chief Judge.

This is the story of a failed economic marriage. On March 4, 2005, ELRS Loss Mitigation, LLC ("Loss Mitigation"), a corporation owned and operated by Ky Vargas ("Vargas"), was placed in an involuntary Chapter 7 bankruptcy case. The petition was filed by three creditors, Thomas Pogue ("Pogue"); Electronic Loss Recovery Services, L.L.C. ("Loss Recovery"), a corporation wholly owned and operated by Pogue...

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