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IN RE RAYMARK INDUSTRIES, INC.

Bankruptcy No. 89-20233T.

99 B.R. 298 (1989)

In re RAYMARK INDUSTRIES, INC., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

May 2, 1989.

Attorney(s) appearing for the Case

Michael L. Temin, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, Pa., for petitioning creditors.

William A. Slaughter, Ballard, Spahr, Andrews & Ingersoll, Philadelphia, Pa., for Raymark Industries, Inc.

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

Before the court is a motion filed by Raymark Industries, Inc. ("Raymark") requesting that we dismiss the involuntary Chapter 11 bankruptcy petition filed against it by sixty-eight creditors on the ground that these creditors lack standing under 11 U.S.C. § 303(b)(1). Because we find that three or more of the petitioning creditors hold claims against Raymark which are not contingent as to liability or...

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