Calypso Yacht Charters, Inc. v. Nautilus Virgin Charters, Inc. (In Re Nautilus Virgin Charters, Inc.)

MEMORANDUM AND ORDER

ALBERT A. SHEEN, Bankruptcy Judge.

This case arises out of an Order dismissing an involuntary petition, filed by defend ants John I. Quimby, Jack K. Clifford, and L. J. O’Connor, seeking an order for relief under Chapter 11 of the Bankruptcy Act. The alleged debtor is Nautilus Virgin Charters, Inc. Quimby, Clifford, and O’Connor (hereafter referred to as Petitioners) move under both Bankruptcy Rule 923 and 924 for a reconsideration of that order. The sole basis for the motion is that “the learned judge had made a mistake.” 1 The question presented by this case is whether a…