Matter of Modell

MEMORANDUM DECISION ON PETITIONING CREDITORS’ MOTION FOR DEFAULT JUDGMENT AND ALLEGED DEBTOR’S CROSS-MOTION TO DISMISS

JAMES L. GARRITY, Jr., Bankruptcy Judge.

Republic National Bank of New York, Merchants Bank of New York, Israel Discount Bank of New York and Bank Leumi Trust Company of New York (the “Banks”), as petitioning creditors in this involuntary chapter 7 case, have moved this court (“the Motion”) pursuant to § 303(h) of the Bankruptcy Code (“Code”) and Bankruptcy Rule 1013(b) for the entry of an order for relief against Frederick Modell, individually, and Frederick Modell d/b/a…