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IN RE CCN REALTY CORP.

Bankruptcy No. 82 B 20146.

23 B.R. 261 (1982)

In re CCN REALTY CORP., Debtor.

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

September 30, 1982.

Attorney(s) appearing for the Case

Schutzman & Schutzman, Wantagh, N.Y., for Flushing Sav. Bank.

Weintraub & Frucco, White Plains, N.Y., for debtor.

HEARING ON MOTION DISMISSING PROCEEDINGS

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The debtor's major creditor, the mortgagee, seeks to dismiss this Chapter 11 case upon the first three grounds delineated under Code § 1112(b), namely: (1) continuing loss to or diminution of the estate and absence of a reasonable likelihood of rehabilitation; (2) inability to effectuate a plan and (3) unreasonable delay by the debtor that is prejudicial to creditors.

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