IN RE REVELEY

Bankruptcy Nos. 91-11262 (TLB) to 91-11265 (TLB).

148 B.R. 398 (1992)

In re Robert J. REVELEY, Alleged Debtor. In re James E. FUSCO, Alleged Debtor. In re William M. FOLBERTH, III, Alleged Debtor. In re Nicholas W. KAUFMANN, Alleged Debtor.

United States Bankruptcy Court, S.D. New York.

December 28, 1992.


Attorney(s) appearing for the Case

Baer Marks & Upham by Howard Graff, Neal S. Barlia, New York City, for alleged debtors.

Kelley Drye & Warren by Kenneth A. O'Brien, Jr., Nicholas J. Dicarlo, New York City, for Whirlpool Financial Corp.

Sidley & Austin by Richard T. Peters, Henry L. Mason, Los Angeles, CA, Sidley & Austin by David F. Graham, Chicago, IL, for BSI.

Hahn & Hessen by Gabriel B. Schwartz, Anthony C. Acampora, New York City, for First American Bank of N.Y.


DECISION ON ALLEGED BAD FAITH UNDER § 303(i)

TINA L. BROZMAN, Bankruptcy Judge.

Three creditors, Whirlpool Financial Corporation ("WFC"), First American Bank of New York ("FABNY"), and BSI-Banca della Svizzera Italiana ("BSI") (collectively, "Petitioning Creditors"), set in motion a lengthy course of litigation when they filed involuntary bankruptcy petitions under 11 U.S.C. § 303 against Robert Reveley, James Fusco, William Folberth III...

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