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IN RE MEGATREND TELECOMMUNICATIONS, INC.

Bankruptcy No. 95-22925.

193 B.R. 122 (1996)

In re MEGATREND TELECOMMUNICATIONS, INC., Alleged Debtor.

United States Bankruptcy Court, D. Connecticut.

March 5, 1996.

Attorney(s) appearing for the Case

Anthony S. Novak, Honor S. Heath and Edward C. Taiman, Jr., Chorches & Novak, P.C., Wethersfield, CT, for Petitioning Creditors.

Russell D. Liskov and Daniel Shepro, Willinger, Shepro, Tower & Bucci, P.C., Bridgeport, CT, for the Alleged Debtor.

Deirdre A. Martini, Asst. U.S. Attorney, Bridgeport, CT, for United States Federal Trade Commission, Creditor.

MEMORANDUM AND ORDER

RE: INVOLUNTARY PETITION UNDER CHAPTER 7

ROBERT L. KRECHEVSKY, Bankruptcy Judge.

I.

On August 17, 1995, Teletarjeta, Inc., Janice DeDonatis d/b/a Eagle Telecommunication Associates and The Phone Card People, Inc. (the "Petitioning Creditors") filed an involuntary petition under Chapter 7 against Megatrend Telecommunications, Inc. ("Megatrend"). Megatrend appeared and submitted an answer to the petition...

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