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IN RE UNION GUARANTEE & MORTGAGE CO.

No. 60268.

8 F.Supp. 281 (1934)

In re UNION GUARANTEE & MORTGAGE CO.

District Court, S. D. New York.

August 27, 1934.

Attorney(s) appearing for the Case

Harry Rodwin and Schurman, Wiley & Willcox, all of New York City (Jacob Gould Schurman, Jr., Harry Rodwin, Joseph Lapidus, and Irving H. Jurow, all of New York City, of counsel), for respondent.

Gifford, Woody, Carter & Hays, of New York City, for debtor.

PATTERSON, District Judge.

The Union Guarantee & Mortgage Company filed a petition for reorganization under section 77B of the Bankruptcy Act (11 USCA § 207). The petition was opposed by George S. Van Schaick, as superintendent of insurance of the state of New York, who filed an answer. A hearing was held at which affidavits were received and oral testimony taken.

The relief afforded by the new section 77B may be availed of by any corporation "which...

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