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WALLACE v. LAWRENCE WAREHOUSE COMPANY

No. 18942.

338 F.2d 392 (1964)

James A. WALLACE, Bankrupt, Appellant, v. LAWRENCE WAREHOUSE COMPANY and Crocker-Anglo National Bank and Small Business Administration, Appellees.

United States Court of Appeals Ninth Circuit.

Rehearing Denied December 4, 1964.

Attorney(s) appearing for the Case

Ted R. Frame, Coalinga, Cal., for appellant.

William Wallace, Wallace, Garrison, Pascoe, Norton & Ray, San Francisco, Cal., for appellee Lawrence Warehouse Co.

Almon McCallum, Frank J. Potasz, San Francisco, Cal., for appellee Crocker-Anglo Nat. Bank.

Thomas R. Sheridan, Francis C. Whelan, U. S. Attys., and Donald J. Merriman, Asst. U. S. Atty., Los Angeles, Cal., for Small Business Administration.

Before POPE, KOELSCH and DUNIWAY, Circuit Judges.

DUNIWAY, Circuit Judge.

On July 2, 1962 James A. Wallace, whose business is described as that of mining, selling, hauling and spreading gypsum, filed in the district court a petition proposing an arrangement under Chapter XI of the Bankruptcy Act (11 U.S.C. §§ 701ff). He was permitted to continue in possession of his property and he thereby became vested, subject to the control of the court, with all of the powers of a trustee in bankruptcy. (11 U.S.C. ...

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