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MATTER OF MANAGEMENT TECHNOLOGY CORP.

Bankruptcy No. 83-06613.

54 B.R. 5 (1984)

In the Matter of MANAGEMENT TECHNOLOGY CORP., Debtor.

United States Bankruptcy Court, D. New Jersey.

July 23, 1984.

Attorney(s) appearing for the Case

Ravin & Kesselhaut, West Orange, N.J., for debtor.

Sills, Beck, Cummis, Zuckerman, Radin & Tischman, Newark, N.J., for Frank Pardo.

Hugh Leonard, U.S. trustee for the Dist. of N.J. and Del.

OPINION

D. JOSEPH DeVITO, Bankruptcy Judge.

This matter concerns the motion of Frank Pardo to dismiss the Chapter 11 case filed by Management Technology Corporation (MTC), pursuant to § 305[a][1] or § 1112[b] of the Bankruptcy Code. 11 U.S.C. §§ 305[a][1], 1112[b].

MTC has been engaged in the management consulting business since its formation in 1979. Forty-three per cent of the stock of MTC is owned by Pardo, 37 per cent by George...

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