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IN RE STUDIO FIVE CLOTHING STORES INC.

Bankruptcy No. LA-95-37903-KM.

192 B.R. 998 (1996)

In re STUDIO FIVE CLOTHING STORES INC., Debtor.

United States Bankruptcy Court, C.D. California.

March 1, 1996.

Attorney(s) appearing for the Case

Ron Marokos, Office of the U.S. Trustee, Los Angeles, CA.

Michael S. Abrams, Danning, Gill, Diamond & Kollitz, LLP, Los Angeles, CA.

Gregory Lunt, Latham & Watkins, Los Angeles, CA.

Thomas Zide, Zide & O'Biecunas, Los Angeles, CA.

Benjamin S. Seigel, Katz, Hoyt, Seigel & Kapor, Los Angeles, CA.

David W. Levene, Levene, Neale & Bender, Los Angeles, CA.

Bruce S. Schildkraut, Pillsbury, Madison & Sutrow, Los Angeles, CA.

Brad D. Krasnoff, Lewis, D'Amato, Brisbois & Bisgaard, Costa Mesa, CA.

R. Gibson Pagter, Jr., Pagter Law Corporation, Santa Ana, CA.

OPINION ON COURT'S ORDER TO SHOW CAUSE WHY PRESENT CHAPTER 7 CASE SHOULD NOT BE DISMISSED DUE TO THE FACT THAT THIS DEBTOR HAS A CHAPTER 11 CASE STILL OPEN

KATHLEEN P. MARCH, Bankruptcy Judge.

I. INTRODUCTION

Studio 5 Clothing Stores, Inc.1 ("Debtor") is a California Corporation. In 1993, Debtor operated a chain of women's retail clothing stores. On July 12, 1993, Debtor filed a voluntary Chapter 11 bankruptcy, Case No...

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