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IN RE 7H LAND & CATTLE CO.

Bankruptcy Nos. 80-00183 to 80-00185.

8 B.R. 22 (1980)

In re 7H LAND & CATTLE CO., aka 7H Land and Cattle Corp., aka Seven H Land & Cattle Co., Inc., a Nevada corporation, Alleged Debtor. Lynn W. Rose, individually, and dba Lynn W. Rose Livestock & Cattle Company, Alleged Debtor. Elaine G. Rose, individually, and dba Lynn W. Rose Livestock & Cattle Company, Alleged Debtor.

United States Bankruptcy Court, D. Nevada.

November 4, 1980.

Attorney(s) appearing for the Case

Lionel, Sawyer & Collins by Richard W. Horton, Reno, Nev., for alleged debtors.

Hawkins, Rhodes, Sharp, Barbagelata & Haase by Prince A. Hawkins, Reno, Nev., for petitioning creditor.

OPINION AND DECISION

BERT M. GOLDWATER, Bankruptcy Judge.

On March 28, 1980, Security Bank of Nevada (Security) sole creditor of Lynn W. Rose, Elaine G. Rose, and 7H Land & Cattle Co., Inc., a Nevada corporation, (7H) filed three separate petitions for involuntary bankruptcy of those persons and the corporation which were consolidated for trial.

Lynn Rose bought and sold cattle in several Western states. During January, 1980, he first did business...

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