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IN RE MAGNUS HARMONICA CORPORATION

No. 11902.

233 F.2d 803 (1956)

In the Matter of MAGNUS HARMONICA CORPORATION, Debtor, Samuel S. Salitan, David Little, Philip Gustin, Irving Jacobs, Leo B. Levin, Renee Kendell Dann, Jerome Kendell, Allen Kendell, Edward Bottner and M. Fred Hirsch, trading as Credit Industrial Company, a limited partnership, Appellants.

United States Court of Appeals Third Circuit.

Decided May 31, 1956.

Attorney(s) appearing for the Case

Max L. Rosenstein, Newark, N. J., for appellants.

Israel B. Greene, Newark, N. J., for Finn H. Magnus and Elsie Magnus.

Thomas J. O'Neill, Newark, N. J., for trustee.

Before GOODRICH, McLAUGHLIN and KALODNER, Circuit Judges.

GOODRICH, Circuit Judge.

This is a motion to stay an injunction issued by the District Court for the District of New Jersey on April 12, 1956. The Magnus Harmonica Corporation is in reorganization proceedings under chapter 10 of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. The corporation is indebted to Credit Industrial Company which is the assignee of choses in action acquired by the debtor in the course of its business. Finn H. Magnus and Elsie A. Magnus...

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