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IN RE MAJESTIC RADIO AND TELEVISION CORPORATION

No. 11381.

227 F.2d 152 (1955)

In the Matter of MAJESTIC RADIO AND TELEVISION CORPORATION, Bankrupt. John E. DWYER, Jr., S. Harvey Klein and Donald J. Walsh, Trustees, Etc., Appellants, v. Curtis FRANKLIN, Appellee.

United States Court of Appeals Seventh Circuit.

November 10, 1955.

Attorney(s) appearing for the Case

Martin J. McNally, Chicago, Ill., Thomas D. Nash, Jr., Chicago, Ill., of counsel, for appellant.

Richard Rex Parkin, J. Roy Browning, Chicago, Ill., for Curtis Franklin, appellee.

Before FINNEGAN, SWAIM and SCHNACKENBERG, Circuit Judges.

SWAIM, Circuit Judge.

The bankruptcy proceeding involved in this case was commenced February 6, 1948, when the Majestic Radio and Television Corporation filed its petition for an arrangement under Chapter 11 of the Bankruptcy Act, 11 U.S.C.A. §§ 701-799. The Bankruptcy Court ordered that the Chapter 11 proceeding be dismissed and that reorganization be had under Chapter 10 of the Bankruptcy Act, 11 U.S.C.A. §§ 501-676. While the case was pending...

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