Court of Appeals for the Fifth Circuit August 3, 2000, 99-20576 (In the Matter Of: Cpdc Inc Debtor Joseph Zer-Ilan Ideal Systems Inc v. Gary Frankford Ben B Floyd)

KING, Chief Judge:

Appellants Joseph Zer-Ilan and Ideal Systems, Inc. appeal from the district court’s dismissal of their bankruptcy appeal. Because we find that the district court abused its discretion, we reverse the district court’s judgment and reinstate the appeal.

1. FACTUAL AND PROCEDURAL BACKGROUND

CPDC, Inc. (“CPDC”) is a Texas corporation.