Matter of Servo Systems, Inc.

DECISION ON MOTION TO DISMISS THIS REORGANIZATION PROCEEDING

BURTON R. LIFLAND, Bankruptcy Judge.

The debtor, on the morning of a scheduled State Court mortgage foreclosure sale, filed a petition under Chapter 11 of the Bankruptcy Code. It additionally sought and obtained a stay order directed against the scheduled sale. The order was ignored despite actual notice to the participants at the sale. Within weeks of the commencement of the case, the debtor’s attorney, who was also its sole operating officer and active board of directors member, died. At this unforeseen, crucial stage of the…