IN RE PRUDENCE CO.

No. 27496.

10 F.Supp. 41 (1935)

In re PRUDENCE CO., Inc.

District Court, E. D. New York.

February 1, 1935.


Attorney(s) appearing for the Case

Edward Endelman, of New York City, for petitioning creditors.

Archibald Palmer, of New York City, for intervening creditors.

Samuel Silbiger, of Brooklyn, N. Y., for petitioning creditors in involuntary petition in bankruptcy.

Jacob A. Freedman, of Brooklyn, N. Y., and Pollock & Nemerov, of New York City, for intervening creditors in involuntary petition in bankruptcy.

James T. Heenehan, of New York City (Gerald Donovan, of New York City, of counsel), for Superintendent of Banks.

Hornblower, Miller, Miller & Boston, of New York City (Harold H. Corbin, of New York City, of counsel), for Prudence Co., Inc.

Weinstein & Levinson, of New York City, for objecting creditors.


MOSCOWITZ, District Judge.

On October 24, 1934, a petition was filed herein by creditors of the Prudence Company, Inc., for reorganization of the said corporation under section 77B of the Bankruptcy Act (11 USCA § 207). The Superintendent of Banks of the State of New York, who had theretofore taken possession of the assets and property of the said corporation pursuant to the authority vested in him by section 57 of the Banking Law of the State of New York, filed...

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