IN RE WILLIAM H. VAUGHAN & CO., INC.

Bankruptcy No. 84-00156G.

40 B.R. 524 (1984)

In re WILLIAM H. VAUGHAN & CO., INC., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

July 26, 1984.


Attorney(s) appearing for the Case

Charles C. Coyne, Coyne & Perry, Anthony W. Novasitis, Jr., Philadelphia, Pa., for debtor, William H. Vaughan & Co., Inc.

Dudley Hughes, Detweiler, Hughes & Kokonos, Philadelphia, Pa., for movant, National Sec. Fire and Cas. Co.

Lonny Cades, Huntingdon Valley, Pa., for Ennia Ins. Co. (U.K.) Ltd.


OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

The issue in the controversy before us is whether we should grant a creditor's motion to appoint a trustee in a chapter 11 proceeding pursuant to 11 U.S.C. § 1104 of the Bankruptcy Code ("the Code"). For the reasons expressed below, we will grant the motion.

The facts of this case are as follows:1 The debtor is an insurance agent which has operated for the last several...

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