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IN RE BLAINE RICHARDS & CO., INC.

Bankruptcy No. 180-06014-21.

10 B.R. 424 (1981)

In re BLAINE RICHARDS & CO., INC., Debtor.

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

April 10, 1981.

Attorney(s) appearing for the Case

Goldman, Horowitz & Cherno, Mineola, N.Y. by William M. Goldman, New York City, for debtor.

Fogelson, Fogelson & Collins, New York City by Nancy A. Klein and Jeffrey P. Fogelson, New York City, for J.H. Rayner & Co., Ltd., petitioning creditor.

Moore, Berson, Lifflander & Newhinney, New York City by Michael T. Sullivan, New York City, for Fogelson, Fogelson & Collins.

OPINION

CECELIA H. GOETZ, Bankruptcy Judge:

The very specific and limited question before the Court at the present time is whether Blaine Richards & Co., Inc. ("Richards"), against which J.H. Rayner & Co., Ltd. ("Rayner") has filed an involuntary petition under Chapter 7 of the Bankruptcy Code, has twelve or more creditors, requiring that at least three creditors join in such a petition. Richards has filed a motion to dismiss Rayner's petition on...

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