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IN RE CHAIN INV. CO.

No. 6756.

102 F.2d 323 (1939)

In re CHAIN INV. CO. BONDHOLDERS' PROTECTIVE COMMITTEE OF MARQUETTE APARTMENTS et al. v. CHAIN INV. CO. et al.

Circuit Court of Appeals, Seventh Circuit.

February 24, 1939.

Attorney(s) appearing for the Case

Joseph A. Barly, A. L. Skolnik, and Joseph E. Tierney, all of Milwaukee, Wis., for appellants.

Malcolm K. Whyte and Bernard V. Brady, both of Milwaukee, Wis. (Olwell & Brady, of Milwaukee, Wis., of counsel), for appellees.

Before EVANS, MAJOR, and TREANOR, Circuit Judges.

Chain Investment Company, herein called debtor, is a Wisconsin corporation which owned and operated two Milwaukee apartment buildings known as The Marquette and Roosevelt Arms. In February, 1937, finding itself unable to meet its debt obligations, debtor filed its petition under section 77B of the Bankruptcy Act, 11 U.S.C. A. § 207, and sought a reorganization. There was at the time an outstanding first mortgage covering The Marquette securing notes aggregating $378...

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