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MATTER OF TRANS-HIGH CORP.

Bankruptcy No. 80 B 10089.

3 B.R. 1 (1980)

In the Matter of TRANS-HIGH CORPORATION, Debtor.

United States Bankruptcy Court, S.D. New York.

Opinion of Dismissal of Involuntary Petition March 19, 1980.

Attorney(s) appearing for the Case

Baer, Marks & Upham, New York City, for petitioning creditor Paper Sales Corporation.

Hyman & Miner, New York City, for debtor.

DECISION OF ISSUES RAISED ON TRIAL OF INVOLUNTARY PETITION

EDWARD J. RYAN, Bankruptcy Judge.

On January 22, 1980, Paper Sales Corporation (PSC) filed an involuntary petition seeking relief against Trans-High Corporation (THC) under Chapter 11 of the Bankruptcy Code. PSC alleged that THC had less than twelve creditors and was not generally paying its debts as such debts became due.

After preliminary skirmishing, the matter was set down for trial of...

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