IN RE 31 WEST 72ND STREET CORPORATION


20 F.Supp. 971 (1937)

In re 31 WEST 72ND STREET CORPORATION.

District Court, S. D. New York.

September 3, 1937.


Attorney(s) appearing for the Case

Shaine & Weinrib, of New York City (Maurice L. Shaine and Jack Gross, both of New York City, of counsel), for debtor.

Delafield, Thorne & Marsh, of New York City, for Hurd Committee for Prudence Certificates.

Thomas Cradock Hughes and Emanuel Celler, both of New York City (Irving Rozen, of New York City, of counsel), for trustees of the Prudence Co., Inc.

George M. Jaffin and Pollock & Nemerov, all of New York City, for bondholders.

O'Malley & Wilson, of New York City, for Olcott Certificate Holders Committee.

Newman & Bisco, of New York City, for Manufacturers Trust Co.

Hoffman & Hoffman, of New York City, for certificate holders.

Philip V. Brown, of New York City, for Elected Committee of Certificate Holders.

Larkin, Rathbone & Perry, of New York City, for Central Hanover Bank & Trust Co.

Glass & Lynch, of New York City, for Sterling Nat. Bank & Trust Co.

Appel & Tannenbaum, of New York City, for Leah Askin et al.

MacIntyre, McNally & Downey, of New York City, for City Bank-Farmers Trust Co.


LEIBELL, District Judge.

The debtor herein filed a petition in this court on August 3, 1936, for reorganization under section 77B of the Bankruptcy Act (11 U.S.C.A. § 207). Its principal obligation was on a real estate bond with an unpaid balance due thereon of $1,384,750, secured by a mortgage on the debtor's principal asset, the hotel premises known as the Hotel Olcott at the above address. The mortgage on said premises had been certificated in the manner hereinafter...

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