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IN RE TIKIJIAN

Bankruptcy No. 84 B 11757 PBA.

76 B.R. 304 (1987)

In re Richard M. TIKIJIAN, Debtor.

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

July 23, 1987.

Attorney(s) appearing for the Case

Sherman, Citron & Karasik, P.C., New York City (Howard Karasik, of counsel), for John De Sanctis, Executor of Estate of Richard M. Tikijian.

Cole & Deitz, New York City, for Nat. Westminster Bank, U.S.A., Israel Discount Bank of New York, Germantown Savings Bank, and U.S. Trust Co.

Hahn & Hessen, New York City (Jeffrey Schwartz, of counsel), for Lee Talmadge, Trustee of M.J. Williams Corp.

Milbank, Tweed, Hadley & McCloy, New York City, for Chase Manhattan Bank, N.A.

Kaye, Scholer, Fierman, Hays & Handler, New York City (Kenneth S. Goodkind, of counsel), for Albert Togut, Interim Chapter 7 Trustee.

MEMORANDUM DECISION GRANTING MOTION BY PETITIONERS FOR SUMMARY JUDGMENT AND ORDER FOR RELIEF

PRUDENCE B. ABRAM, Bankruptcy Judge:

For the reasons which follow, this court finds that the petitioning creditors are entitled to entry of an order for relief against the debtor, Richard M. Tikijian ("Tikijian" or "Debtor"), in this involuntary Chapter 7 bankruptcy case. Before discussing the merits of the involuntary petition, it should be stated that Tikijian, the...

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