IN RE INTERCORP INTERN., LTD.

No. 03-16625(SMB).

309 B.R. 686 (2004)

In re INTERCORP INTERNATIONAL, LTD., Debtor.

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

May 24, 2004.


Attorney(s) appearing for the Case

J.P. Morgan Chase Legal Department, James D. Greenhalgh, of Counsel, New York City, Burke, Warren, Mackay & Serritella, P.C., LeAnn Pedersen Pope, Edward J. Lesniak, Stephen R. Meinertzhagen, of Counsel, Chicago, IL, Co-Counsel to Chase Mortgage Holdings, Inc.

Deirdre A. Martini, Tracy Hope Davis, of Counsel, New York City, United States Trustee.

Rosenberg, Musso & Weiner, Bruce Weiner, of Counsel, Brooklyn, NY, Attorneys for Debtor.


MEMORANDUM DECISION AND ORDER GRANTING MOTION FOR SANCTIONS

STUART M. BERNSTEIN, Chief Judge.

Chase Mortgage Holdings, Inc. ("Chase"), the holder of a mortgage on the debtor's principal asset, alleged that the debtor filed its chapter 11 petition in bad faith. In response to Chase's motion, the Court converted the case to one under chapter 7. By separate motion and relying on the same allegations of bad faith, Chase also sought sanctions against the debtor...

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