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IN RE MAGNUS HARMONICA CORPORATION

Nos. 12639, 12640.

262 F.2d 515 (1959)

In the Matter of MAGNUS HARMONICA CORPORATION, Bankrupt, 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. In the Matter of MAGNUS HARMONICA CORPORATION, Bankrupt, Andrew B. Crummy, Trustee, Appellant.

United States Court of Appeals Third Circuit.

Decided January 8, 1959.

Attorney(s) appearing for the Case

Max L. Rosenstein, Newark, N. J., for Credit Industrial Co.

Joseph F. Walsh, Newark, N. J., for trustee.

Before GOODRICH, STALEY and HASTIE, Circuit Judges.

GOODRICH, Circuit Judge.

These appeals are taken from the District Court for the District of New Jersey sitting in bankruptcy.1 D.C.D. N.J.1958, 159 F.Supp. 778. The questions on appeal concern a secured creditor's right to interest under the terms of a factoring agreement for the period prior to the institution of a Chapter X proceeding and a claim for interest on the unpaid balance for the period...

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