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IN RE CORDOVA

Bankruptcy Nos. 7-83-00068 R A Involuntary, 7-83-00069 R A Involuntary.

34 B.R. 70 (1983)

In re Lee CORDOVA and Rose Cordova, Debtor. In re LEE CORDOVA CHEVROLET, INC., Debtor.

United States Bankruptcy Court, D. New Mexico.

October 26, 1983.

Attorney(s) appearing for the Case

Douglas T. Francis, Francis & Arland, P.A., Albuquerque, N.M., for debtors.

Michael Wile, Keleher & McLeod, P.A., Albuquerque, N.M., for petitioning creditor.

MEMORANDUM OPINION

STEWART ROSE, Bankruptcy Judge.

This is a one creditor, involuntary petition for Chapter 7 relief. The petitioning creditor, First National Bank of Santa Rosa, holds as collateral substantially all of the pledgeable assets of the Cordovas and of Lee Cordova Chevrolet, Inc. The parties agreed that, combined, there are less than twelve creditors, and consented to the two petitions being heard together and treated as one.

The issue...

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