MATTER OF 299 JACK-HEMP ASSOCIATES

Bankruptcy No. 82-B-10468.

20 B.R. 412 (1982)

In the Matter of 299 JACK-HEMP ASSOCIATES, a Partnership, Debtor.

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

May 24, 1982.


Attorney(s) appearing for the Case

Otterbourg, Steindler, Houston & Rosen, P.C., New York City, for Long Island Sav. Bank; Scott Hazan and Charlotte Bikman, New York City, of counsel.

Guggenheimer & Untermyer, New York City, for debtor; Ephraim K. Leibowitz, New York City, of counsel.


OPINION

ROY BABITT, Bankruptcy Judge:

This is a motion made under Section 1112(b) of the 1978 Bankruptcy Code, 11 U.S.C. § 1112(b) (1976 Ed. Supp. IV), by the mortgagee of real property located in Nassau County for dismissal of the Chapter 11 petition filed here on March 12, 1981 by the debtor, said to be a partnership.

Apart from some of the nine enumerated bases for dismissal described in Section 1112(b), the movant asserts as cause the lack...

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