IN RE HALL'S MOTOR TRANSIT CO.

No. 9809.

25 F.Supp. 384 (1938)

In re HALL'S MOTOR TRANSIT CO.

District Court, M. D. Pennsylvania.

October 8, 1938.


Attorney(s) appearing for the Case

Richard Henry Klein, of Sunbury, Pa., for debtor.

Knight & Kivko, of Sunbury, Pa., for petitioners.


JOHNSON, District Judge.

The question presented is whether the court has power under Chapter 10 of the Chandler Act, 11 U.S.C.A. § 501 et seq., summarily to decide whether the debtor is insolvent where the debtor has voluntarily petitioned for reorganization.

The question is raised by a rule on the debtor company and its stockholders to show cause why the debtor should not be declared insolvent and why the stockholders should not be barred from participating...

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