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IN RE ATLANTIC STEEL PRODUCTS CORPORATION

No. 37159.

31 F.Supp. 408 (1939)

In re ATLANTIC STEEL PRODUCTS CORPORATION.

District Court, E. D. New York.

December 20, 1939.

Attorney(s) appearing for the Case

Eppstein & Hirshfield, of New York City (Ira W. Hirshfield, and William Orris, both of New York City, of counsel), for petitioner for the motion.

Samuel Herbsman of New York City, for debtor, opposed.

Henry Schantz, of New York City, for Creditor's Committee, opposed.

CAMPBELL, District Judge.

This is a hearing upon a petition for review by Shaw Factors Corporation, of the order of the Referee, dated November 6, 1939.

On June 7, 1939, the Debtor filed a petition for an arrangement under Chapter XI of the Bankruptcy Act, as amended, 11 U.S.C.A. § 701 et seq.

In its amended plan of arrangement the Debtor proposed to pay its unsecured creditors in full, over a period in excess of two years.

The plan was...

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