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MATTER OF NUGELT, INC.

Bankruptcy Nos. 88-493, 88-297 and 88-325.

142 B.R. 661 (1992)

In the Matter of NUGELT, INC. t/a Alyson's Restaurant, Debtor. In re MYBEV ASSOCIATES, Debtor. In re Michael MOSKOWITZ, Debtor.

United States Bankruptcy Court, D. Delaware.

June 16, 1992.

Attorney(s) appearing for the Case

James McC. Geddes, Jeffrey Welch, Philip Trainer, Jr., Wilmington, Del., for First Federal Sav. Bank (of Delaware).

Kevin Callahan, Philadelphia, Pa., for Office of the U.S. Trustee.

Peter J. Walsh, Wilmington, Del., for NuGelt, Inc. t/a Alyson's Restaurant and Mybev Associates.

Thomas D. Runnels, Newark, Del., for Michael Moskowitz.

MEMORANDUM OPINION AND ORDER

HELEN S. BALICK, Bankruptcy Judge.

First Federal Savings Bank (of Delaware) and the United States Trustee have moved for the conversion, dismissal, or appointment of a trustee in three related Chapter 11 cases: NuGelt, Inc., Mybev Associates and Michael Moskowitz. The court held a three-day hearing on these motions in March. Post-trial the United States Trustee argued that dismissal is the only appropriate remedy. The court agrees...

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