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MATTER OF NINA MERCHANDISE CORP.

Bankruptcy No. 80 B 10542.

5 B.R. 743 (1980)

In the Matter of NINA MERCHANDISE CORPORATION, Debtor.

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

September 5, 1980.

Attorney(s) appearing for the Case

Samuels & Grossman, New York City, for debtor/applicant.

Finkel, Goldstein, Berzow, New York City, for Vanguard Extruders Inc. (opposing creditor).

Richards & O'Neil, New York City, for the Interim Trustee Jon Yard Arnason.

BURTON R. LIFLAND, Bankruptcy Judge.

The issue presented for the Court's consideration is whether to dismiss or suspend this ongoing bankruptcy proceeding.

On April 18, 1980, an involuntary petition in bankruptcy under Chapter 7 (liquidation) was commenced against the debtor, Nina Merchandise Corporation ("Nina") by three of its creditors-Vanguard Extruders, Inc. ("Vanguard"), Coburn Corporation ("Coburn"), and Modern...

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