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IN RE GLOSTEX PRODUCTS, INC.

No. 13304.

295 F.2d 324 (1961)

In the Matter of GLOSTEX PRODUCTS, INC., Bankrupt. S. Harvey KLEIN, Trustee of the bankrupt, Appellant, v. Irving HERMAN, Appellee.

United States Court of Appeals Seventh Circuit.

Rehearing Denied November 16, 1961.

Attorney(s) appearing for the Case

Thomas D. Nash, Jr., Robert M. Ahern, Chicago, Ill., for appellant.

Bernard M. Kaplan, Blanksten & Lansing, Chicago, Ill., for respondent-appellee; Harold S. Lansing, Chicago, Ill., of counsel.

Before HASTINGS, Chief Judge, and KNOCH and KILEY, Circuit Judges.

HASTINGS, Chief Judge.

This bankruptcy proceeding originated on April 22, 1957 when Glostex Products, Inc. filed its petition for an arrangement under Chapter XI of the Bankruptcy Act, 11 U.S.C.A. § 701 et seq. On that date an order was entered permitting debtor to continue in possession of its property, and operate its business. On the same date a supplemental order was entered requiring debtor to segregate and deposit...

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