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IN RE GONIC REALTY TRUST

No. 89-1878.

909 F.2d 624 (1990)

In re GONIC REALTY TRUST, Debtor. Appeal of GONIC REALTY TRUST.

United States Court of Appeals, First Circuit.

Decided July 26, 1990.

Attorney(s) appearing for the Case

Duncan B. MacNamee, Rochester, N.H., for appellant.

Martha V. Gordon, with whom Merrill & Broderick, Manchester, N.H., was on brief, for appellee Donald J. Parmet.

Before BREYER, Chief Judge, ALDRICH and TORRUELLA, Circuit Judges.

TORRUELLA, Circuit Judge.

This is an appeal from an order of the United States District Court for the District of New Hampshire affirming the Bankruptcy Court's dismissal of the debtor's Chapter 11 petition and the retention in escrow of $90,000 of debtor's assets until resolution of a law suit pending in the Supreme Court of New York. 11 U.S.C. § 101 et seq. For the reasons expressed below we affirm.

FACTS

In 1985, Gonic Realty Trust...

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