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IN RE ALISON CORP.

Bankruptcy Nos. 80-03393-P, C80-0615-P and C80-0670-P.

9 B.R. 827 (1981)

In re The ALISON CORPORATION, a California Corporation, Debtor. CAPITAL MANAGEMENT COMPANY and Palmcrest Company, Plaintiffs, v. The ALISON CORPORATION, a California Corporation, Defendant. SOUTHWEST BANK, a California Banking Corporation, La Casa Trust Deed Service, a California Corporation, Plaintiffs, v. The ALISON CORPORATION, a California Corporation, Defendant.

United States Bankruptcy Court, S.D. California.

March 17, 1981.

Attorney(s) appearing for the Case

John J. Hargrove of Strauss, Kissane, Davis & Hargrove, San Diego, Cal., for debtor.

Craig O. Correll, Cardiff-By-The-Sea, Cal., specially appearing for J. Warren Beall for Capital Management Co. & Palmcrest Co.

L. Scott McClanahan of Weil & Fritz, Whittier, Cal., for Southwest Bank & La Casa Trust Deed Service.

Darvy Mack Cohan, La Jolla, Cal., for Curtis S. & Judith A. Sword.

MEMORANDUM OF DECISION

ROSS M. PYLE, Bankruptcy Judge.

On February 18, 1981, the Court announced its decision to dismiss the Chapter 11 bankruptcy case filed by The Alison Corporation ("Alison") pursuant to an oral motion made by Capital Management Co. ("Capital Management") and Palmcrest Co. ("Palmcrest"), creditors. This Memorandum of Decision is intended to further explain the Court's decision.

FACTS

Alison, the Debtor herein, is a California...

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