United States Bankruptcy Court, S.D. Texas March 14, 1986, 19-31080 (In Re Coral Petroleum, Inc.)

MEMORANDUM OPINION

R.F. WHELESS, Jr., Chief Judge.

Coral Petroleum, Inc., a Texas corporation, filed a petition for relief under Chapter 11 of Title 11 of the United States Code (Bankruptcy Code) on June 2, 1983. Coral has acted as debtor-in-possession pursuant to sections 1107 and 1108 of the Bankruptcy Code, however the debtor has essentially not been operating its business.