In Re Eugene Alexander, Inc.

FINDINGS OF FACT AND CONCLUSIONS OF LAW REGARDING CONVERSION TO CHAPTER 11

C. TIMOTHY CORCORAN, III, Bankruptcy Judge.

I. PROCEDURAL BACKGROUND.

These are three separate Chapter 7 bankruptcy cases initiated by Eugene Alexander, Inc., a Florida corporation, Alexander Charles Wallace, and Eugene Stutzman, respectively, as debtors. The corporate debt- or, Eugene Alexander, Inc., filed a voluntary petition under Chapter 7 on February 23, 1994, and, subsequently, the individual debtors, Alexander Charles Wallace and Eugene Stutzman, filed separate voluntary petitions under Chapter 7 on March 15,1994.

O…