IN RE JOE NEWCOMER FINANCE COMPANY

No. 34452.

226 F.Supp. 387 (1964)

In the Matter of JOE NEWCOMER FINANCE COMPANY, a Colorado corporation, Debtor.

United States District Court D. Colorado.

February 13, 1964.


Attorney(s) appearing for the Case

Philip Hornbein, Jr., and Roy O. Goldin, Denver, Colo., for the trustee.

Leo Rector, Colorado Springs, Colo., for the demand note holders.

Bennett & Heinicke, Robert E. Cole, Colorado Springs, Colo., for debenture note holders.

C. Henry Roath, Denver, Colo., for Joe Newcomer.


DOYLE, District Judge.

The movants herein are holders of debenture notes issued by the Joe Newcomer Finance Company, the debtor herein.1 They seek a determination by this court that they are entitled to the status of general creditors. It would appear that there are some 63 such note holders and that the face value of these obligations totals $210,793.52. These were long term obligations which paid high interest rates ranging from six...

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