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IN RE CARDI VENTURES, INC.

Bankruptcy No. 85 B 10253.

59 B.R. 18 (1985)

In re CARDI VENTURES, INC., Debtor.

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

September 6, 1985.

Attorney(s) appearing for the Case

Smith Panish & Shapiro by Philip Smith, New York City, for petitioner Mosco Realty.

Sherman, Citron & Karasik, P.C. by A. Mitchell Greene, New York City, for Cardi Ventures, Inc.

Kirschenbaum & Fleischman, New York City, for Nehning Bros.

Ronald A. Hollander, New York City, for debtor.

DECISION

HOWARD C. BUSCHMAN, III, Bankruptcy Judge.

Mosco Realty Company ("Mosco") seeks an order pursuant to 11 U.S.C.A. § 1112(b) dismissing the Chapter 11 petition filed by Cardi Ventures ("Cardi") on February 27, 1985 on the grounds that the petition was not filed in good faith and that Cardi lacks real creditors. Trial was held on July 17, 1985.

FACTS

Cardi is a New York corporation with its place of business at 1420 St. Nicholas...

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