United States Bankruptcy Court, S.D. New York May 25, 1984, 19-10072 (Matter of Pied Piper Casuals, Inc.)

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HOWARD C. BUSCHMAN, III, Bankruptcy Judge.

The Creditors Committee moves for an order converting this case from Chapter 11 of the Bankruptcy Code, 11 U.S.C. § 1101

et seq.

(the Code) to Chapter 7 thereof pursuant to § 1112(b) of the Code on the ground of continuing loss to or diminution of the estate and absence of a reasonable likelihood of rehabilitation.