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IN RE READING HOTEL CORPORATION

No. 18156.

10 F.Supp. 470 (1935)

In re READING HOTEL CORPORATION.

District Court, E. D. Pennsylvania.

April 9, 1935.

Attorney(s) appearing for the Case

Harry Felix, of Philadelphia, Pa., for the exceptions.

Mercer B. Tate, Jr. (of Montgomery & McCracken), of Philadelphia, Pa., opposed.

KIRKPATRICK, District Judge.

This petition under section 77B of the Bankruptcy Act (11 USCA § 207) was referred to a special master for the purpose, among others, of reporting upon the solvency or insolvency of the debtor. The special master has filed his report in which he has found that the debtor is "definitely and hopelessly" insolvent and exceptions have been taken to this finding.

If we accept the definition of insolvency given in section 1 (15...

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