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IN RE SPECTRUM ARENA, INC.

No. 30437.

340 F.Supp. 767 (1971)

In the Matter of SPECTRUM ARENA, INC., Debtor.

United States District Court, E. D. Pennsylvania.

October 28, 1971.

Attorney(s) appearing for the Case

Sidney Chait, Philadelphia, Pa., for Trustees.

LeRoy F. Perper, Philadelphia, Pa., for ARA Services.

I. Grant Irey, Jr., Philadelphia, Pa., for Fidelity Bank.

Gilbert W. Oswald, Philadelphia, Pa., for Foreman-Snider.

Philip P. Kalodner, Philadelphia, Pa., for Debtor, himself.

OPINION

HIGGINBOTHAM, District Judge.

I.

On May 1, 1968, the Spectrum Arena, Inc., (hereinafter referred to as the "Debtor" or the "Spectrum") was involuntarily placed in reorganization under the Bankruptcy Act of July 1, 1898, Chapter X (11 U.S.C. § 501 et seq.). After three years of superb management, the Trustees, Harvey N. Schmidt, Esquire, and William David Webb, Esquire, have so revitalized the business that there are now pending two...

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