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IN RE SNYDER

Bankruptcy No. 82C-02235.

51 B.R. 432 (1985)

In re Phillip G. SNYDER, dba Phillip Snyder Realty, and Real America/Better Homes and Gardens, Debtor.

United States Bankruptcy Court, D. Utah.

July 25, 1985.

Attorney(s) appearing for the Case

B. Ray Zoll and Tom D. Branch, Offret, Zoll & Hammond, Salt Lake City, Utah, for debtor.

Thomas T. Billings and Carolyn Montgomery, Van Cott, Bagley, Cornwall & McCarthy, Salt Lake City, Utah, for trustee, Main Hurdman.

William G. Fowler and Joel R. Dangerfield, Roe, Fowler & Moxley, Salt Lake City, Utah, for creditors' committee.

MEMORANDUM OPINION

GLEN E. CLARK, Bankruptcy Judge.

PRELIMINARY FACTS AND PROCEDURAL BACKGROUND

On September 2, 1982, an involuntary Chapter 7 petition was filed against the debtor, Phillip G. Snyder, by 18 petitioning creditors. On December 22, the debtor stipulated to entry of an order for relief, and on January 26, 1983 exercised his right to convert the case to a case under Chapter 11 of the Bankruptcy Code. At the time the bankruptcy case...

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