IN RE PALISADES-ON-THE-DESPLAINES

No. 5955.

89 F.2d 214 (1937)

In re PALISADES-ON-THE-DESPLAINES. SEIDEL v. PALISADES-ON-THE-DESPLAINES et al.

Circuit Court of Appeals, Seventh Circuit.

March 29, 1937.


Attorney(s) appearing for the Case

S. L. Brenner, Thomas G. McBride, and Harold Koven, all of Chicago, Ill., for appellant.

Leonard L. Cowan, of Chicago, Ill., for appellees.

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


SPARKS, Circuit Judge.

This action involves reorganization proceedings under sections 77A and 77B of the Bankruptcy Act (11 U.S.C.A. §§ 206, 207). The principal questions raised are as to the sufficiency of the original involuntary petition to confer jurisdiction upon the court, and as to the classification of the claims of secured creditors.

The facts out of which this controversy arises are as follows: Appellee, the debtor, is a common-law trust...

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