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IN RE AMERICAN BANTAM CAR CO.

No. 10605.

193 F.2d 616 (1952)

In re AMERICAN BANTAM CAR CO. et al.

United States Court of Appeals Third Circuit.

Filed January 14, 1952.

Attorney(s) appearing for the Case

Morris L. Forer, Philadelphia, Pa., for appellants.

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

Elliott W. Finkel, Pittsburgh, Pa., for Trustees of debtor.

Before BIGGS, Chief Judge, and MARIS and GOODRICH, Circuit Judges.

BIGGS, Chief Judge.

American Bantam Car Company, the debtor, is before the court below in a Chapter X proceeding, 11 U.S.C.A. § 501 et seq., pursuant to an order entered April 19, 1950. The debtor has had an unfortunate history and has gone from a position of comparative affluence, which it attained during World War II, to insolvency. Moreover, due to the exigencies existing in the United States District Court for the...

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