In Re Einhorn

MEMORANDUM DECISION

CONRAD B. DUBERSTEIN, Bankruptcy Judge.

This case was commenced with the filing of separate involuntary petitions in bankruptcy against Chaim Einhorn, an individual, and Vacation Planning Center, Inc., of which Einhorn is president and sole stockholder, by three of their creditors, Pan American World Airways, British World Airways and Trans World Airways, in which it was alleged that the debtors were not paying their debts as they became due. Subsequently, orders for relief were entered on default against both debtors under Chapter 7 of the Bankruptcy Code when they failed…