In Re Beacon Reef Ltd. Partnership

FINDINGS OF FACT AND CONCLUSIONS OF LAW

JOSEPH A. GASSEN, Bankruptcy Judge.

THIS CAUSE came on to be heard on the Involuntary Petition filed by the sole limited partner of Beacon Reef Limited Partnership, Dr. Wulsin, pursuant to an Involuntary Petition under § 303 of the Bankruptcy Code, filed April 30, 1984. Trial in this cause was held August 22, 1984 and August 24, 1984.

Two of three general partners of Beacon Reef Limited Partnership, namely Peter Peggs and Peter Hutchings, have moved the Court for dismissal of the involuntary petition herein, or alternatively to abstain pursuant to the…