IN RE RELIABLE ESTATES

No. 38786.

33 F.Supp. 588 (1940)

In re RELIABLE ESTATES, Inc.

District Court, E. D. New York.

May 29, 1940.


Attorney(s) appearing for the Case

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

John Windsor, of New York City, for debtor.


GALSTON, District Judge.

On May 2, 1940, the debtor filed a petition under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. The petition raised such doubt as to the requirements of "good faith", that the order recited that the petition was but "apparently properly" filed.

The debtor is the owner of and manages a six-story elevator apartment house, located at 1030 Park Place, Brooklyn. It alleges that it is insolvent and unable to pay its debts...

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