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IN RE BLAINE RICHARDS & CO., INC.

Bankruptcy No. 180-06014-21.

16 B.R. 362 (1982)

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

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

January 6, 1982.

Attorney(s) appearing for the Case

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

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

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

OPINION

CECELIA H. GOETZ, Bankruptcy Judge:

Before the Court for decision are cross-motions seeking summary judgment with respect to an involuntary petition in bankruptcy filed October 8, 1980 pursuant to 11 U.S.C. § 303.

J.H. Rayner & Co., Ltd. ("Rayner"), the sole petitioning creditor, is moving for summary judgment on the petition, and for the adjudication of Blaine Richards & Co., Inc. ("Richards"). Richards is cross-moving for summary...

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