STEPHENS, Circuit Judge.
Jack Pretzer, Sr., president of Eloy Gin Corporation, Sunland Gin Corporation, and Pretzer and Sons Cotton Corporation, filed original petitions for an "Arrangement in Bankruptcy" for the three corporations named, herein referred to as Debtor Corporations, in March, 1948, under Chapter XI, 11 U.S.C.A. § 701 et seq. W. E. Springer was appointed Receiver of the Debtor Corporations and he, as Receiver, continued the businesses and managed...
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