IN RE REALTY TRUST CORP.

Bankruptcy No. 91-00007.

143 B.R. 920 (1992)

In re REALTY TRUST CORPORATION, Debtor.

United States District Court, Northern Mariana Islands, Bankruptcy Division.

June 30, 1992.


Attorney(s) appearing for the Case

James J. Feder (argued), John W. Mills, III, James J. Feder & Associates, Los Angeles, Cal., Donald C. Williams, Marcia K. Schultz, Carlsmith, Ball, Wichman, Murray, Case, Mukai & Ichiki, Saipan, MP, for debtor Realty Trust Corp.

Curtis Ching (argued), Attorney-Advisor, for the U.S. Trustee, Honolulu, Hawaii, for U.S. Trustee, Sandra J. Wittman.

Gail B. Geiger, Attorney-Advisor for the U.S. Trustee, Agaña, GU.

Theodore R. Mitchell (argued), Jeanne H. Rayphand, Saipan, MP, for Transferor Creditors.

Howard Green (argued), Green, Ning, Lilly & Jones, Honolulu, Hawaii, James S. Sirok, Michael Dotts, Saipan, MP, for Transferee Creditors.


ORDER OF DISMISSAL—11 U.S.C. § 305(a)(1) (1988)

MUNSON, Chief Judge.

THIS MATTER came before the Court on Friday, March 20, 1992 for hearing of the Court's February 4, 1992 sua sponte order to show cause why this case should not be dismissed pursuant to 11 U.S.C. § 305(a)(1) (1988). The Court sought argument as to whether the interests of creditors and the debtor would be better served by...

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