IN RE PRUDENCE BONDS CORPORATION


16 F.Supp. 324 (1935)

In re PRUDENCE BONDS CORPORATION.

District Court, E. D. New York.

October 29, 1935.


Attorney(s) appearing for the Case

Powell & Ruch, of New York City, for debtor, for the motion.

George M. Jaffin and Leonard Klaber, both of New York City, opposed.

Percival E. Jackson, of New York City, for Prudence Advisory Group.

Alfred H. Cumbers, for the motion.

Frederick Sperling, of New York City, executor of Edgar E. Fran's estate.

Archibald Palmer, of New York City, for creditors' committee.

Alexander E. Klupt, of New York City, for Fanny Zukerbrot (bondholder).

Mr. Silbrigger, in opposition.

Wise, Shepard & Houghton (by Ralph A. Newman), of New York City, for Bondholders' Protective Committee.

McKercher & Link (by Charles H. Buckley), of New York City, for bondholder.


INCH, District Judge.

The well-considered report of James G. Moore, special master, clearly sets forth the proposed adjustment or plan of this Fifteenth Series.

I have carefully considered all the briefs submitted, both for and against the plan, as well as the oral arguments made at the hearing thereon.

It seems to me that the plan proposed is a fair and feasible one provided the certain suggestions which I am about to make are followed.

Of...

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