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IN RE MID-CENTER REDEVELOPMENT CORP.

No. B-1115-70.

383 F.Supp. 954 (1974)

In the Matter of MID-CENTER REDEVELOPMENT CORP. et al., Debtors.

United States District Court, D. New Jersey.

As Amended October 7, 1974.

Attorney(s) appearing for the Case

Bracken & Craig, by John J. Bracken, Newark, N.J., for petitioners.

Ravin & Ravin by David N. Ravin, Newark, N.J., for debtors.

Kleinberg, Moroney, Masterson & Schacter by James E. Masterson, Newark, N.J., for receiver.

OPINION

LACEY, District Judge:

Before this court for a second time is a petition for review of an order in bankruptcy, entered in a Chapter XI proceeding, rejecting petitioners' claims to the stock of Gregory Park Section III (GP 3), an apartment dwelling and a corporation wholly owned by the debtors herein.* These claims arose from the debtors' conceded failure to honor their agreement...

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