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MATTER OF RASSI

No. 82-1247.

701 F.2d 627 (1983)

In the Matter of Timothy J. RASSI and Virginia Rassi. JEFFERSON TRUST AND SAVINGS BANK OF PEORIA, Appellant, v. Timothy J. RASSI and Virginia Rassi, Appellees.

United States Court of Appeals, Seventh Circuit.

Decided February 18, 1983.

Attorney(s) appearing for the Case

Chris Traicoff, Sutkowski & Washkuhn Assoc., Peoria, Ill., for appellant.

Gray T. Rafool, Peoria, Ill., for appellees.

Before ESCHBACH, Circuit Judge, SWYGERT, Senior Circuit Judge, and CAMPBELL, Senior District Judge.

ESCHBACH, Circuit Judge.

Jefferson Trust and Savings Bank of Peoria ("Bank") appeals from the district court's affirmance of the bankruptcy court's dismissal of the Bank's petition for involuntary bankruptcy filed against the appellees, Timothy and Virginia Rassi, under § 303 of the Bankruptcy Code, 11 U.S.C. § 303. For the reasons below, we reverse and remand.

I

On July 28, 1981, the appellant filed a petition for involuntary bankruptcy...

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