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IN RE TASTYEAST, INC.

No. 7831.

126 F.2d 879 (1942)

In re TASTYEAST, Inc.

Circuit Court of Appeals, Third Circuit.

Decided March 19, 1942.

Attorney(s) appearing for the Case

Edward J. O'Mara, of Jersey City, N. J. (Wall, Haight, Carey & Hartpence and William H. Carey, all of Jersey City, N. J., on the brief), for appellant.

Max L. Rosenstein, of Newark, N. J., for appellee.

Before CLARK and JONES, Circuit Judges, and GANEY, District Judge.

CLARK, W., Circuit Judge.

Counsel in the present case have rather surprised us. The litigation arises out of a bankruptcy proceeding begun on June 25, 1940. Yet, both sides have argued1 on the basis of the Bankruptcy Act before its amendment in 1938, 11 U.S.C.A. § 1 et seq. The debtor, a New Jersey corporation, owed the Modern Factors Company a sum of money. By March 25, 1940, this indebtedness had been reduced to $27,000. On that...

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