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IN RE GONIC REALTY TRUST

Bankruptcy No. 85-00134.

50 B.R. 710 (1985)

In re GONIC REALTY TRUST, Debtor.

United States Bankruptcy Court, D. New Hampshire.

July 10, 1985.

Attorney(s) appearing for the Case

Duncan B. MacNamee, Rochester, N.H., for debtor.

Philip T. McLaughlin, Laconia, N.H., for Laconia Peoples Nat'l Bank.

MEMORANDUM OPINION

JAMES E. YACOS, Bankruptcy Judge.

This case is before the court on a motion to dismiss the debtor's Chapter 11 petition on the contention that the petitioning trust is not a qualified "debtor" eligible to file a Chapter 11 proceeding under the Bankruptcy Code. The motion for dismissal is being pressed by the Laconia Peoples National Bank and Trust Company (hereinafter "Laconia Bank"), which was on the verge of foreclosing upon the debtor...

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