Byline: JEREMY BOYER Business writer
Creditors from the recording and motion picture industries are asking a U.S. Bankruptcy Court judge to throw out Madster creator John Deep's latest Chapter 13 petition.
The creditors, who control copyrights on music and movies once freely exchanged on Deep's defunct Madster computer file-sharing service, filed papers Tuesday seeking to have the Chapter 13 case dismissed or converted to a Chapter 7 liquidation.
Chapter 13 petitions are frequently used by wage earners seeking to work out a payment plan with their creditors. In Chapter 7 cases, a debtor sometimes must sell certain assets to pay back creditors. …
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