Former customers of Bernard L. Madoff owed $64 million filed an involuntary Chapter 7 bankruptcy petition against the jailed financier Monday.
The customers' move comes after a federal judge on Friday lifted the injunction that blocked them from pushing Mr. Madoff into Chapter 7 bankruptcy, where his personal assets will be liquidated by an independent official.
Petitioning creditors Blumenthal & Associates Florida General Partnership, Martin Rappaport Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno and Steven Morganstern said their $64 million in claims against Mr. Madoff are based on the balances contained in the last statements they received from his defunct firm, Bernard L. Madoff Investment Securities LLC.
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