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IN RE BOKUM RESOURCES CORP.

Civ. No. 82-087-JB.

26 B.R. 615 (1982)

In re BOKUM RESOURCES CORPORATION, a Delaware corporation, Debtor. LONG ISLAND LIGHTING CO., INC., et al., Petitioners, v. BOKUM RESOURCES CORPORATION, Respondent.

United States District Court, D. New Mexico.

July 13, 1982.

Attorney(s) appearing for the Case

Montgomery & Andrews, John Conway, Nancy Anderson, Santa Fe, N.M., Murphy, Weir & Butler, Patrick A. Murphy, J. Craig Gilliland, San Francisco, Cal., Davis, Polk & Wardwell, Michael Mills, New York City, for petitioners.

Melton & Puccini, PA., Louis Puccini, Jr., Albuquerque, N.M., for respondent.

MEMORANDUM OPINION

BURCIAGA, District Judge.

THIS MATTER comes before the Court on appeal from the Bankruptcy Court for this district. At issue is the propriety of an order of the Bankruptcy Court placing Bokum Resources Corporation into involuntary bankruptcy under 11 U.S.C. § 303 (Supp. IV 1980). For the reasons stated below, the order of the Bankruptcy Court will be affirmed.

On June 12, 1981, ten creditors of Bokum Resources Corporation...

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