In Re Edwards

ORDER DISMISSING CASE AND SETTING SUPERSEDEAS BOND FOR STAY PENDING APPEAL

KAREN M. SEE, Bankruptcy Judge.

The issues are: whether this Chapter 11 case should be dismissed as a bad faith filing; and if the case is not dismissed, whether debtor can reject as an executory contract a stock purchase contract, which was held to contain a valid non-competition clause, in a state court judgment entered before the bankruptcy filing.

After reviewing the evidence, file and arguments of counsel, the court finds: the Chapter 11 case was not filed in good faith and should be dismissed; and since the case is…