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IN RE LAS COLINAS, INC.

No. 7469.

426 F.2d 1005 (1970)

In the Matter of LAS COLINAS, INC., and Eastern Shore Development Corporation, Debtors, Appellants. Appeal of Vigdor SCHREIBMAN, Appellant.

United States Court of Appeals, First Circuit.

Decided May 14, 1970.

Attorney(s) appearing for the Case

Vigdor Schreibman, pro se and as attorney-in-fact, for appellants.

Vicente Zayas Puig, San Juan, P. R., with whom Baragano, Trias, Saldana & Francis, San Juan, P. R., was on brief, for Banco Popular de Puerto Rico, appellee.

Before ALDRICH, Chief Judge, and McENTEE and COFFIN, Circuit Judges.

McENTEE, Circuit Judge.

Appellants, Las Colinas, Inc. and Eastern Shore Development Corporation, are debtors in possession in proceedings brought under Chapter XI of the Bankruptcy Act. Their controversy with Banco Popular de Puerto Rico arises out of a plan to develop a large tract of land in Puerto Rico for residential and recreational purposes. The idea was conceived by Vigdor Schreibman and put into effect in 1961 by...

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