PER CURIAM:
The appellant, Gottfried Baking Company, Inc., was adjudicated a bankrupt on August 31, 1966 by the referee in bankruptcy. This appeal is from an order of the District Court which sustained the referee's action.
The debtor filed a petition for an arrangement under Chapter XI, § 322 of the Bankruptcy Act, 11 U.S.C. § 722, on November 1, 1965 and since that time has operated its business as debtor in possession. Losses substantially in...
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