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IN RE VICTORY CONST. CO., INC.

Bankruptcy No. LA-80-07936-RO, Adversary No. 80-2131-RO.

9 B.R. 549 (1981)

In re VICTORY CONSTRUCTION CO., INC., Debtor.

United States Bankruptcy Court, C.D. California.

January 26, 1981.

Attorney(s) appearing for the Case

Gilbert Robinson & Gary E. Klausner of Robinson, Wolas & Diamant, Los Angeles, Cal., for debtor.

William C. Moritz of Donnelly, Clark & Chase, Los Angeles, Cal., for plaintiff John H. Hadley.

Mason Brown of Brown & Brown, P.C., Los Angeles, Cal., for plaintiff Fred B. Green.

MEMORANDUM OPINION ON COMPLAINT TO VACATE STAY FOR CAUSE (LACK OF GOOD FAITH OF THE DEBTOR IN FILING ITS PETITION UNDER CHAPTER 11)

ROBERT L. ORDIN, Bankruptcy Judge.

1. Introduction

On August 11, 1980, Victory Construction Co., Inc., a California corporation (hereinafter "Victory") filed a petition under Chapter 11. The debtor's sole asset is a parcel of improved real property known as 8511 Beverly Place, Los Angeles, California (hereinafter...

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