IN RE CREDIT SERVICE

No. 9340.

30 F.Supp. 878 (1940)

In re CREDIT SERVICE, Inc.

District Court, D. Maryland.

January 18, 1940.


Attorney(s) appearing for the Case

Gustav F. Sanderson and Edward L. Ward, both of Baltimore, Md., for debtor.

Samuel H. Levy, Robert H. Winn, and James L. Campbell, all of Washington, D. C., for Securities & Exchange Commission.


CHESNUT, District Judge.

This is a proceeding under Chapter XI of the Bankruptcy Act of 1938, 52 Stat. 905, 11 U.S.C.A. § 701 et seq. The debtor is Credit Service, Inc., a Delaware corporation, which has had its principal office and business in this district for more than six months past. It is essentially merely a holding company with assets consisting largely of stock in subsidiaries, some of which are engaged in the small loan business. It has outstanding...

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