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IN RE TRUSTEES SYSTEM DISCOUNT CO. OF CHICAGO

Nos. 5717, 5724.

85 F.2d 467 (1936)

In re TRUSTEES SYSTEM DISCOUNT CO. OF CHICAGO. METROPOLITAN LIFE INS. CO. v. WILSON.

Circuit Court of Appeals, Seventh Circuit.

Rehearing Denied July 21, 1936.

Attorney(s) appearing for the Case

Mitchell D. Follansbee, Clyde E. Shorey, Robert W. Schupp, and Frederic Barth, all of Chicago, Ill., for appellant.

Samuel E. Hirsch, A. J. Schanfarber, and Carl S. Goodman, all of Chicago, Ill., for appellee.

Before EVANS and ALSCHULER, Circuit Judges, and BRIGGLE, District Judge.

EVANS, Circuit Judge.

Appellant attacks an order of the District Court which directed appellant, a mortgagee, to pay to appellee, permanent trustee in 77B (11 U.S.C.A. § 207) proceedings, the sum of $83,250, which had previously been paid by receivers appointed in an equity suit instituted one day before an involuntary petition in bankruptcy was filed.

The debtor is a corporation engaged in making small loans on securities, wages, etc. An equity suit...

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