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IN RE TRANSVISION, INC.

119 F.Supp. 134 (1953)

In re TRANSVISION, Inc.

United States District Court, S. D. New York.

December 30, 1953.

Attorney(s) appearing for the Case

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

Schaeffer & Goldstein, New York City, for debtor.

William J. Henry, New York City, for creditors.

SUGARMAN, District Judge.

On September 25, 1953 Transvision, Inc., as debtor, filed a petition in proceedings for an arrangement under Chapter XI of the Bankruptcy Act.1 It proposed to pay each of its unsecured creditors whose claim exceeded $50 100% of its indebtedness at the rate of 2% monthly commencing six months after confirmation of the arrangement and proposed to pay in full upon confirmation of the arrangement each of its unsecured...

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