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IN RE LIONA CORP., N.V.

Bankruptcy No. 86-05484F.

68 B.R. 761 (1987)

In re LIONA CORPORATION, N.V. Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

January 5, 1987.

Attorney(s) appearing for the Case

Joseph A. Dworetzky, Drinker, Biddle and Reath, Philadelphia, Pa., for debtor, Liona Corporation N.V.

R. Dennis Faucher, Saul, Ewing, Remick & Saul, Philadelphia, Pa., for Simon-Tye Associates and 135 Ventures, Inc.

Myron A. Bloom, Adelman, Lavine, Krasny, Gold & Levin, Philadelphia, Pa., for Mobiliaria Agricola y Financiera Interacional S.A.

OPINION

BRUCE FOX, Bankruptcy Judge.

Before me is a motion for relief from the automatic stay filed by Simon-Tye Associates and 135 Ventures, Inc. (the movants). The debtor is Liona Corporation, N.V. (Liona), against whom an involuntary bankruptcy petition was filed by M.A.F.I.N.T., a Panamanian company. The Liona bankruptcy was filed on November 28, 1986. The movants then filed the motion for relief from stay, a motion to dismiss the involuntary petition...

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