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IN RE ASSOCIATED OWNERS, INC.

No. 20046.

32 F.Supp. 828 (1940)

In re ASSOCIATED OWNERS, Inc.

District Court, E. D. Wisconsin.

April 24, 1940.

Attorney(s) appearing for the Case

Beck, Smith & Heft, of Racine, Wis., for indenture trustee.

Bloodgood, Kemper & Passmore, of Milwaukee, Wis., for debtor.

Hand & Quinn, of Racine, Wis., for trustee.

Edmund Burke, Jr., of Washington, D. C., and W. McNeil Kennedy, Ben S. Warren, Jr., and Edward J. Lawler, Jr., all of Chicago, Ill., for United States Securities and Exchange Commission.

DUFFY, District Judge.

The total value of debtor's property is $168,600. This includes personal property valued at $7,126. There are outstanding first mortgage bonds of the par value of $155,000. Together with interest, there would be due upon these first mortgage bonds a sum in excess of $190,000.

A plan was approved by this court on January 18, 1940, which gives complete ownership in the reorganized company to the first mortgage bondholders. It provides...

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