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KAPELUS v. A JOINT VENTURE

No. 20991.

377 F.2d 815 (1967)

Marvin B. KAPELUS and Crenshaw Carpet Center, Inc., Appellants, v. A JOINT VENTURE or Co-Partnership composed of Joseph J. Franklin et al., Appellees. Marvin B. KAPELUS and Crenshaw Carpet Center, Inc., Appellants, v. A Joint Venture, or Co-Partnership composed of Joseph J. FRANKLIN et al., Appellees.

United States Court of Appeals Ninth Circuit.

Rehearing Denied June 14, 1967.

Attorney(s) appearing for the Case

John P. Stodd, Santa Ana, Cal., for appellants.

James E. Walker, Santa Ana, Cal., J. Ronald Trost, Quittner, Stutman, Treister & Glatt, Los Angeles, Cal., for appellees.

Before CHAMBERS and BARNES, Circuit Judges, and HALBERT, District Judge.

CHAMBERS, Circuit Judge:

The joint venture set forth in the caption is subject to a Chapter XI reorganization, one of the arrangements where the debtor goes on operating while the federal bankruptcy court keeps the creditors at bay, at least for a while.

The subject matter of this bankruptcy determination before the referee, the district court, and, now, here, is a valuable lot in Orange County, California. The bankruptcy proceedings were used to supersede...

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