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IN RE BAILEY'S BEAUTICIANS SUPPLY CO.

No. 81-1309.

671 F.2d 1063 (1982)

In re BAILEY'S BEAUTICIANS SUPPLY COMPANY, Debtor-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided March 9, 1982.

Attorney(s) appearing for the Case

Louis W. Levit, Levit & Miller, Ltd., Chicago, Ill., for debtor-appellant.

J. Henry Wolf, Chicago, Ill., for appellee.

Before PELL and BAUER, Circuit Judges, and MORGAN, Chief District Judge.

PELL, Circuit Judge.

Bailey's Beauticians Supply Co. (Bailey's) appeals from a district court decision in which the judge concluded that a bankruptcy court had no power, pursuant to the Bankruptcy Act of 1898, 30 Stat. 544 (1898) (repealed 1978), to dismiss an involuntary petition that meets jurisdictional requirements. A related question is whether the district judge correctly reversed the bankruptcy judge's approval of a compromise reached by Bailey's assignee for...

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