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IN RE H. KRIEGER & CO.

No. 20774.

40 F.Supp. 340 (1941)

In re H. KRIEGER & CO., Inc.

District Court, D. Connecticut.

August 13, 1941.

Attorney(s) appearing for the Case

A. D. Slavitt, of South Norwalk, Conn., for debtor.

H. M. Lessin, of South Norwalk, Conn., receiver, per se.

Samuel Gordon, of Stamford, Conn., for creditor, Gordon-Shulman.

HINCKS, District Judge.

An arrangement can be confirmed under Chapter XI only if it is for the best interests of creditors and also is fair and feasible. Bankr.Act Sec. 366, 11 U.S.C.A. § 766. Both of these prerequisites are challenged by the petition in review.

Whether the arrangement here was for the best interest of creditors I do not now decide. I observe only that on the record made by the debtor the question is a close one. There is considerable...

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