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IN RE WIL-LOW CAFETERIAS

22 F.Supp. 617 (1937)

In re WIL-LOW CAFETERIAS, Inc.

District Court, S. D. New York.

November 16, 1937.

Attorney(s) appearing for the Case

Mitchell, Taylor, Capron & Marsh, of New York City, for 650 Madison Avenue Corporation.

Chadbourne, Hunt, Jaeckel & Brown and Louis Shapiro, all of New York City, for debtor.

Rabenold, Scribner & Miller, of New York City, and Duberstein & Schwartz, of Brooklyn, N. Y., for Unsecured Creditors' Committee.

Archibald Palmer, of New York City, for preferred stockholders.

PATTERSON, District Judge.

The debtor conducts a chain of restaurants. On April 20, 1937, it filed a petition for reorganization under section 77B of the Bankruptcy Act, 11 U.S.C.A. § 207. The petition was approved and the debtor left in possession. The petition contained the usual allegation that, while assets were greater than liabilities, the debtor was unable to meet its debts as they matured.

One of the restaurants is in premises leased by the debtor...

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