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IN RE SOUTH BEACH SECURITIES, INC.

No. 05 C 5957.

341 B.R. 853 (2006)

In re SOUTH BEACH SECURITIES, INC., Debtor.

United States District Court, N.D. Illinois, Eastern Division.

May 5, 2006.

Attorney(s) appearing for the Case

Louis David Bernstein, Mark Emil Leipold, Gould & Ratner, Chicago, IL, for Debtor.

CORRECTED MEMORANDUM OPINION AND ORDER

KENNELLY, District Judge.

South Beach Securities, Inc. filed a petition for bankruptcy pursuant to Chapter 11 of the Bankruptcy Code. The bankruptcy court dismissed the petition, finding that it had been filed in bad faith. South Beach has appealed the decision. For the reasons discussed below, the Court reverses and remands to the bankruptcy court.

Facts

South Beach, a Mississippi corporation...

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