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IN RE REALTY ASSOCIATES SECURITIES CORPORATION

No. 45024.

55 F.Supp. 546 (1944)

In re REALTY ASSOCIATES SECURITIES CORPORATION.

District Court, E. D. New York.

March 31, 1944.

Attorney(s) appearing for the Case

Halpin & Keogh, of New York City (Eugene J. Keogh and Edward S. St. John, both of New York City, of counsel), for trustees.

Auchincloss, Alley & Duncan, of New York City (James B. Alley, Charles R. Lowther, and Arnold Furst, all of New York City, of counsel), for debtor.

James F. Dealy, of New York City, for Amalgamated Properties, Inc.

Irving L. Schanzer, of New York City, for Prudence Realization Corporation.

Joseph R. Margulies, of New York City, for Bondholders, Ernestine Needles, Abraham Needles, and others.

George Zolotar, of New York City, for Securities and Exchange Commission.

MOSCOWITZ, District Judge.

The Trustees of Realty Associates Securities Corporation, debtor, have applied to the Court for authorization to file within this proceeding a voluntary petition. for the reorganization of Espade Realty Corporation, a wholly-owned subsidiary. The question has been raised as to whether the petition may legally be filed within the parent proceeding or whether it was intended by section 129 of the Bankruptcy Act, 11 U.S.C.A. § 529, merely...

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