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MATTER OF PIED PIPER CASUALS, INC.

Bankruptcy No. 84 B 10290.

40 B.R. 723 (1984)

In the Matter of PIED PIPER CASUALS, INC., Debtor.

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

May 25, 1984.

Attorney(s) appearing for the Case

Otterbourg, Steindler, Houston & Rosen, P.C., New York City, for Creditors Committee; Richard Rubin, New York City, of counsel.

Sherman & Citron & Karasik, P.C., New York City, for debtor-in-possession; Robert Kolodney, New York City, of counsel.

HOWARD C. BUSCHMAN, III, Bankruptcy Judge.

The Creditors Committee moves for an order converting this case from Chapter 11 of the Bankruptcy Code, 11 U.S.C. § 1101 et seq. (the Code) to Chapter 7 thereof pursuant to § 1112(b) of the Code on the ground of continuing loss to or diminution of the estate and absence of a reasonable likelihood of rehabilitation.

Upon consideration of all the evidence, and...

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