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IN RE THE LEDGES APARTMENTS

Bankruptcy No. 85-0039.

58 B.R. 84 (1986)

In re THE LEDGES APARTMENTS, A Vermont Partnership, Debtor.

United States Bankruptcy Court, D. Vermont.

February 21, 1986.

Attorney(s) appearing for the Case

E. Patrick Burke, Rutland, Vt., for Dartmouth Sav. Bank ("DSB").

Nicholas Burke, White River Junction, Vt., for the Sherman W. Melendy Estate ("Melendy").

Jerome I. Meyer, White River Junction, Vt., for debtor.

FINDINGS AND ORDER

FRANCIS G. CONRAD, Bankruptcy Judge.

This matter is before the Court on motions of DSB and Melendy to dismiss debtor's voluntary Chapter 11 petition. Because we find that movants have shown that: (1) payments have been diverted to another entity; (2) debtor has not acted in good faith; (3) the estate continues to diminish; and (4) there is no likelihood the debtor will be able to successfully rehabilitate itself, satisfying the requirement...

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