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IN RE LOUIS JOLIET GARAGE CORPORATION

No. 6628.

100 F.2d 751 (1938)

In re LOUIS JOLIET GARAGE CORPORATION. BERINGER v. LOUIS JOLIET GARAGE CORPORATION (MORK et al., Interveners).

Circuit Court of Appeals, Seventh Circuit.

December 23, 1938.

Attorney(s) appearing for the Case

Defrees, Buckingham, Jones & Hoffman, of Chicago, Ill. (Don Kenneth Jones, Vincent O'Brien, John Merrill Baker, and Tracy W. Buckingham, all of Chicago, Ill., of counsel), for George M. Lennon, trustee.

Meyer Abrams, of Chicago, Ill., for appellant.

Samuel E. Hirsch, Julian H. Levi, and Eugene H. Nirdlinger, all of Chicago, Ill., for appellee Louis Joliet Garage Corporation.

William Heise and Dorrance D. Snapp, both of Joliet, Ill., for appellee Bondholders' Protective Committee.

Before MAJOR, TREANOR, and KERNER, Circuit Judges.

MAJOR, Circuit Judge.

This is an appeal from an order entered April 15, 1938, in a corporate reorganization proceeding. Fred J. Walsh and Catherine E. Walsh, his wife, were indebted on their bonds in the principal amount of $120,000 secured by a trust deed executed by them and dated October 15, 1929, on property located at Joliet, Illinois, known as the Louis Joliet Garage. Default was made in the payment of the bond issue October 15, 1932, at which time there was...

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