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IN RE PEYTON REALTY CO.

No. 8633.

148 F.2d 771 (1945)

In re PEYTON REALTY CO. et al.

Circuit Court of Appeals, Third Circuit.

Decided March 22, 1945.

As Amended April 20, 1945.

Attorney(s) appearing for the Case

Thomas Raeburn White, of Philadelphia, Pa. (Wayland H. Elsbree, Richard C. Bull, and White & Staples, all of Philadelphia, Pa., on the brief), for appellants.

Robert Dechert, of Philadelphia, Pa. (H. Francis De Lone, Lucien B. Carpenter, and Barnes, Dechert, Price and Smith, all of Philadelphia, Pa., on the brief), for appellee.

Before GOODRICH and McLAUGHLIN, Circuit Judges, and GANEY, District Judge.

GANEY, District Judge.

This was a proceeding to reorganize the Peyton Realty Company, a corporation owning a large office building in Philadelphia, under Section 77B of the Bankruptcy Statute, 11 U.S.C.A. § 207. The debtor (Peyton Realty Company) defaulted in the payment of interest on its bonds on December 1, 1931, and on July 3, 1934, these proceedings were instituted. On November 17, 1936, a plan of reorganization providing for the formation of a new corporation...

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