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PETITION OF SINGER

No. 96 Civ. 5802 (HB).

205 B.R. 355 (1997)

In re Petition of Philip John SINGER and Christopher John Hughes, as Joint Provisional Liquidators of United Standard Insurance Company Limited, Petitioners-Appellants.

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

February 7, 1997.

Attorney(s) appearing for the Case

Kenneth P. Coleman and Lisa C. Dorr, Chadbourne & Parke L.L.P., New York City, for Petitioners-Appellants.

OPINION AND ORDER

BAER, District Judge:

Petitioners Philip John Singer and Christopher John Hughes appeal from a portion of an Order issued by the Honorable Jeffry H. Gallet, Bankruptcy Judge, on June 27, 1996. For the reasons that follow, the decision of the bankruptcy court is vacated in part and the case is remanded for further proceedings consistent with this opinion.

I. Background

Petitioners are joint provisional liquidators...

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