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IN RE FIRST FINANCIAL ENTERPRISES, INC.

Bankruptcy No. 88-30993.

99 B.R. 751 (1989)

In re FIRST FINANCIAL ENTERPRISES, INC., Debtor.

United States Bankruptcy Court, W.D. Texas, El Paso Division.

April 14, 1989.

Attorney(s) appearing for the Case

Barbara K. Hoffman-Hill, Dallas, Tex., for debtor, First Financial Enterprises, Inc.

Robert O. Smith, Austin, Tex., for Stephen S. Durish, Receiver for First Service Life Ins. Co. ("FSLIC").

Gerald P. Keith and Ginnings, Birkelbach, Keith & Delgado, El Paso, Tex., for Maury Page Kemp.

Patrick Cantilo, Austin, Tex., for R.B. Ashworth, Conservator for Knickerbocker Life Ins. Co. ("KLIC").

OPINION

RONALD B. KING, Bankruptcy Judge.

The question presented in this case is whether the Court should abstain or dismiss a Chapter 11 case in which the debtor, a holding company, attempts to administer the assets and liabilities of multiple tiered subsidiary corporations not in bankruptcy, some of which are not eligible to be in bankruptcy. Because of the unique circumstances of this case, this Court chooses...

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