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IN RE INTACO PUERTO RICO, INC.

No. 73-1277.

494 F.2d 94 (1974)

In the Matter of INTACO PUERTO RICO, INC., Debtor. Appeal of GABRIEL ALVAREZ & ASSOCIATES.

United States Court of Appeals, First Circuit.

Decided March 29, 1974.

Attorney(s) appearing for the Case

Edward S. Kanbar, Santurce, P. R., with whom Jose R. Fournier, Bayamon, P. R., was on brief, for appellant.

Jorge Bermudez Torregrosa, San Juan, P. R., for appellee.

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

McENTEE, Circuit Judge.

This case presents difficult questions concerning the relative rights and responsibilities of the various participants in a Chapter X reorganization proceeding. Because of the rather unusual history of this matter, the facts must be stated in some detail.

On January 18, 1971, Intaco Puerto Rico, Inc. ("the Debtor") filed a petition for reorganization in the district court pursuant to Chapter X of the Bankruptcy Act, 11 U.S.C. §...

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