B S rQnici3!

Form S\/12107)
UNITED STATES BANKRUPTCY COURT
INVOLUNTARY
District of Delaware
PETITION
IN RE (Name of Debtor-If Individual: Last, First, Middle:) ALL OTHER NAMES used by tlebtor in the last 8 years
(Include married, maiden, Md trade
Allied Systems Holdings, Inc.
Allied Holdings, Inc.
Last or other No /Complete EIN
{If more than one, .st8te all.):
58-0360550
STREET ADDRESS OF DEBTOR (No. and street, city, state. and zip code) MAILING ADDRESS OF DEBTOR {If different from address)
2711 Centerville Road, Suite 400 2302 Parklake Drive, Building 15
Wilmington, Delaware 19808 Suite 600, Atlanta, GA 30345
COUNTY OF RESIDENCE OR PRINCIPAL PLACE OF BUSINESS
New Castle
ZIP CODE
ZIP CODE
19808 30345
LOCATION OF PRINCIPAL ASSETS OF BUSINESS DEBTOR (lfdi!Terent from previously listed addrmes}
CHAPTER OF BANKRUPTCY CODE UNDER WHICH PETITION IS FILED
r: Chapter 7 ';/ Chapter 11
INFORMATION REGARDING DEDTOR appliublc boles)
N1tun ofDcbU T)'pe of Deblor Nature. ol Budneu
(Check. onr bm.:.) (Form of0r8llni;mtion) (Check one bo.:._)
0 Individual (Includes Joint Debmr)
o Health Ca.rc: Busine:u
Petitioners believe:
r/ (Includes LLC and LLP)
o Single Asset Real Estate as deli ned in
II U.S.C.jlOI(SIXB)
0 Debts are primnrily consumer debts
o Partnership
o Railroad
<I
Debts are primarily business debts
0 Other (If debtor is 1101 one oft he abo\'e tnlhies, 0 Stockbroker
check this box and stale type of entity below.) 0 Commodicy Broker
o Clearing Bank
r/ Other
VENUE fiLING FEE (Check one box)
hu been domiciled or has had a residence, principal r;f Full Filing Fee uttaehed
place ofbusines.s. or principal nsscts- in the District for 180
days immediately precedlnglhe dale of this petition or for
0 Petitioner is a child support creditor or its rcpre5n\ativc, and the form
elonger part of such lBO days I han in any other District
In 304{g) of the Bankruptcy Reform Acl of 1994 is att.Bchcd.
{If a supporr creditor or irs upresmtativt: is a petllfonrr. and if flu
o A bankruptcy case col"'(:eming detrtor's affiliate, general p.:tlrlolltr files rhe form specified In J04(g) ofrbe BarrfuiJprcy Reform Act of
putner or is pending in lhis District. /9'}4, nafte is required.]
PENDING BANKRUPTCY CASE FILED BY OR AGAINST ANY PARTNER
OR AF'FrLrATE OF THIS DEBTOR (Report t'nforn1a1ion for additional eases on auached sheets.)
Name ofDtbtor Case Number O.to
Relationship District Judge
ALLEGATIONS
(Check a.ppllcablc- bow:u)
COURT USE ONLY
I. rf_Petitioner(s) arc eligible to file this petition pursuanr to 11 U.S.C. JOJ (b).
2. r(Thc debtor is a per5Cln against whom an order for relief may be entered under title 11 or the United
States Code.
'-'
9"'The debtor is generally not paying such debtor's debts as they become due, unless such deb!S are
!he subject of a bona fide dispute as to liability or amount;
.,
b. o Within 120 days preceding the tiling of this petition, a custodian, other !han a trustee receiver, or
agent appoirued or authorized to take charsc or than substantially all of the property of the
debtor for lhe purpose of enforcing a lien against such property, was appotnted or took possession.
8 S (Official form 5)(12/01)- 2
Name orDebtor Allied Systems Holdings, Inc.
Case No ..___________ _
rY Check lhis box ifthere has been a transfer of any
i
n:quest !hat an order for entered against the deblor under the chapter oftille II. United States Code, specified in this
pelition. It' any petitioner is a tbreign representntivc appointed in a foreign proceeding, n certified copy of the order of the court granting
recognilion is attached.
dt:clare under
correct acwrding to the besl
of perjury that the fOregoing is tru.: and
' information. and belief.
Name & Mailing
Address oflndividual
Signing in Representative
Co.pncity
Stephen H. Deckon: M'"iniili,:!il'rin
Black. Diamond CLO
By: Black Diamond CLO 20051 Adviser,
l:::frieSound Shore Dr1ve
Sujre 200
Greenwich
1
CT 06830

Signilture ofPe)itioncr or Repres.:nintivc (SIIl\1! till!!)
Spectrum Investment Partners LP
Name ofPeliliOner
Nnme &. Mailing
Address of Individual
Signing in Representative
Capacity
Date Signed
Jeffrey A. SchulTer, Managing Member
Spectrum rnveslment Partners LP
By: Spectrum Group Management
1250 Broadway, 19th Floor
New York, NY 1000 I
Name llnd Address of Petitioner
BDCM Opportunity Fund II, LP
DE 19801
Bus. debt loan default
At Least $21.5 million
B 5 Form SJ (12107}- Pagt: 2
Name ofDebtor Allied Systems Holdings, Inc.
Case No. __________ _
TRANSFER OF CLAIM
r/ Check this box ifthere has been a transfer of any claim against the debtor by or to any petitioner. Attach all documents that
evidence the transfer and a!_ly.statements that under Bankruptcy Rule I003(a).
REQUEST FOR RELIEF
Petitioner(s) R:quest that an order for relief be entered against the debtor under the chapter of title I I. United States Code. specified in this
petition. If any petitioner is a fOreign represen.totive oppoimed inn foreign proceeding, o certified copy of the order of the court granting
recognition is attached.
Pelilioner(s) declare under penalty of perjury that the Ibregoing is true and
correct according to the best of their knowledge, infonnation. and belief.
X X
of Petitioner or Repn:sentative (State Iitie)
BDCM Opportunity Fund ll. LP
Signature of Attorney. Date
Landis Rath & Cobb LLP By Kerri K. Mumford (DE 4186)
Name or Pditioner O.ate Signed
Name of Firm gr 'feb
Stephen H. Declcoff, Managing Principal
919 Market t., Su 1e 0 Wilmington, DE 19801
Name & Mailing BDCM Opportunity Fund II, LP Address
Address of Individual By; BDCM II, Advisert L.L.C. (302) 467-4400
Signing in Representative one ound Shore Dnve
Telephone No.
Capacity Suite 2QQ
Greenwich, CT 06830
X
'
Signature ofPetitioqer or Representative (State lith:) Signature of Anorney Date
Black Diamond CLO 2005-1 Ltd. Landis Rath & Cobb LLP
Nome of Petitioner
Name Firm
Stephen H. Deckoff, Managing 'ncipal
919 Market t., Sutie 1 00 Wilmington, DE 19801
N arne & Mailing
Black Diamond CLO 2005-1 Ltd.
Address
Address of Individual
By: Black Diamond CLO 2005-1 Adviser, L.L.C.
(302) 467-4400
Signing in Representative
One Sound Shore Orsve
Telephone No.
Cnpacity
SuU!;2QO
4/.4//
/ Greenwich, CT 06830
/
X 07/.J / X
10 J iA f///;_,,n d_i rfjoj./.

(State title)
SigGaYure Df Attorney
1
v
Spectr I vestm Partners LP Landis Rath & Cobb LLP
Name of Pctilioncr Date Signe4
Name of Firm Hf a"Bb
Jeffrey A. Schaffer, Managing Member
919 Market t., Su 1e 1 0 Wilmington, DE 19801
Name &Mailing Spectrum Investment Partners LP
Address
Address of Individual By: Spectrum Groue LLC (302) 467-4400
Signing in Representative
!250 Broadway, 19th Floor
Telephone No.
Capacity
lilcw 'i' ork; N.Y 1000 I
PETITIONING CREDITORS
Nwne anti Address of Petitioner Nature of Claim Amount of Claim
BDCM Opportunity Fund 11, LP Bus. debt - loan default At Least $26.8 million
Name and Address of Petitioner Nature of Claim Amount of Claim
Black Diamond CLO 2005-1 Ltd.
Bus. debt -loan default
At Least $4.5 million
Name and Address ofPetitionc:r Natun; of Claim Amount of Claim
Spectrum Investment Partners LP
Bus. debt - loan default
At Least $21.5 million
Note: If there are mDre than three petitioners, attach additional sheets wilh the under Total Amount of Petitionci'S''
penalty of perjury, each petitioner's signature under the statement and the name of attorney
ant!__petitioning creditor information in the format above.
Crirns.
At Least $52.8 million
u
__ conlmuatlon sheets