In Re Caslowitz

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

Heard on the Debtor’s motion to withdraw his Chapter 7 bankruptcy petition. Two creditors, Rhode Island Hospital Trust National Bank and Ocean State Video Group, Ltd., object, on grounds which are still unclear to the Court.

The Debtor testified that since the filing of his petition, he has commenced negotiations with an Israeli company concerning distribution rights to certain video equipment, and that the continued penden-cy of this proceeding will probably injure his chances in the negotiations. Although this is presently a no-asset case, if he…