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IN RE GREENPOINT METALLIC BED CO.

No. 401.

113 F.2d 881 (1940)

In re GREENPOINT METALLIC BED CO., Inc.

Circuit Court of Appeals, Second Circuit.

August 19, 1940.

Attorney(s) appearing for the Case

Samuel Rubin, of New York City, for appellant.

Delafield, Marsh, Porter & Hope, of New York City (Eugene Blanc, Jr., of New York City, of counsel), for appellee.

Before SWAN, CHASE, and CLARK, Circuit Judges.

SWAN, Circuit Judge.

On December 13, 1939, the debtor filed a petition for an arrangement under Chapter XI of the Chandler Act, 11 U.S.C.A. § 701 et seq., and orders were made continuing the debtor in possession and referring the proceeding to one of the referees in bankruptcy. The proposed arrangement provided for the transfer of the debtor's assets to a new corporation which should deposit cash sufficient to pay in full all secured and priority creditors of...

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