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IN RE NEW TOWNE DEVELOPMENT, LLC

No. 09-10029.

404 B.R. 140 (2009)

In re NEW TOWNE DEVELOPMENT, LLC, Debtor.

United States Bankruptcy Court, M.D. Louisiana.

April 24, 2009.

Attorney(s) appearing for the Case

William E. Steffes, Steffes, Vingiello & McKenzie, LLC, Baton Rouge, LA, for debtor.

MEMORANDUM OPINION

DOUGLAS D. DODD, Bankruptcy Judge.

Introduction

Michael L. Huye, J. David Matthews and Shearwater Communities, L.L.C. (collectively "Petitioning Creditors") filed an involuntary bankruptcy petition against alleged debtor New Towne Development Group, L.L.C. ("New Towne") on January 13, 2009. Shortly afterward Old Towne Development Group, L.L.C. ("Old Towne"), New Towne's...

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