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IN RE WORLD WIDE GIFTS, INC.

Bankruptcy Nos. 77-B-661 to 77-B-673.

10 B.R. 761 (1981)

In re WORLD WIDE GIFTS, INC., et al., Bankrupts. Jay M. HALPERT, Trustee in Bankruptcy of World Wide Gifts, Inc., et al., Plaintiff, v. INTERSTATE COMPUTER SERVICE, INC., Defendant.

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

April 28, 1981.

Attorney(s) appearing for the Case

Phillips, Nizer, Benjamin, Krim & Ballon, New York City, for Trustee of Bankrupts; Martin F. Brecker and Louis A. Scarcella, New York City, of counsel.

Alfred H. Marks, Jericho, N.Y., for defendant.

OPINION

ROY BABITT, Bankruptcy Judge:

On March 25, 1978 World Wide Gifts, Inc. and related companies (World Wide) filed their Chapter XI petitions under the now repealed provisions of the 1898 Bankruptcy Act, Sections 301 et seq., 11 U.S.C. (1976 Ed.) §§ 701 et seq., and the implementing Bankruptcy Rules, Rules 11-1 et seq., 415 U.S. 1003 et seq.1 These Chapter XI cases aborted and bankruptcy...

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