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IN RE LORRAINE GUARDIAN, LTD.

Bankruptcy No. 89-04214.

104 B.R. 435 (1989)

In re LORRAINE GUARDIAN, LTD., Debtor.

United States Bankruptcy Court, N.D. Florida, Pensacola Division.

September 1, 1989.

Attorney(s) appearing for the Case

Jeffrey C. Bassett, Panama City, Fla., for FSLIC.

Edward A. Hutchison, Jr., Panama City, Fla., for debtor.

MEMORANDUM OF OPINION ON MOTION TO DISMISS

LEWIS M. KILLIAN, Jr., Bankruptcy Judge.

THIS MATTER was heard on July 26, 1989, on the motion of Federal Savings & Loan Insurance Corporation (FSLIC), as receiver for FirstSouth, F.A. to dismiss this Chapter 11 case as a bad faith filing under the authority of In re Phoenix Piccadilly, Ltd., 849 F.2d 1393 (11th Cir.1988). In connection with hearing on the motion, the...

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