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IN RE TIME SALES FINANCE CORPORATION

No. 73-1759.

491 F.2d 841 (1974)

In the Matter of TIME SALES FINANCE CORPORATION and its wholly owned subsidiary corporations, et al., Debtors. Appeal of CENTRAL PENN NATIONAL BANK.

United States Court of Appeals, Third Circuit.

Decided February 7, 1974.

Attorney(s) appearing for the Case

Wouter Keesing, LeRoy E. Perper, White & Williams, Philadelphia, Pa., for appellant.

Marvin Krasny, Adelman & Lavine, Philadelphia, Pa., for appellee.

Before ADAMS, HUNTER and WEIS, Circuit Judges.

Submitted Under Third Circuit Rule 12(6) January 7, 1974.

OPINION OF THE COURT

ADAMS, Circuit Judge.

A creditor's claim for interest accruing after the date a petition was filed for an arrangement under the Bankruptcy Act prompts this appeal.

On April 5, 1968, Time Sales Finance Corporation (the bankrupt) filed a petition for an arrangement under Chapter XI of the Bankruptcy Act.1 The bankrupt's indebtedness to...

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