This document is an opposition filed by Firstbank Puerto Rico, Banco Santander de Puerto Rico, the Economic Development Bank for Puerto Rico, and Banco Popular de Puerto Rico against the motion to dismiss involuntary bankruptcy petitions filed by Betteroads Asphalt, LLC and Betterecycling Corporation. The opposition argues that the motion to dismiss should be denied because the involuntary petitions meet the requirements of Section 303(b) of the Bankruptcy Code. The document details the legal standards for dismissal, the sufficiency of the involuntary petitions, and the alleged failure of the debtors to pay their debts as they become due. It also addresses the issue of bad faith allegations and argues against abstention.
documents/EFTA00807038.pdf
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