IN RE SCIENTIFIC RESOURCES CORPORATION

No. 73-672.

391 F.Supp. 63 (1975)

In the Matter of SCIENTIFIC RESOURCES CORPORATION, Debtor.

United States District Court, E. D. Pennsylvania.

March 17, 1975.


Attorney(s) appearing for the Case

Leon S. Forman, Nathan B. Feinstein, Philadelphia, Pa., for debtor.

John S. Estey, Philadelphia, Pa., for receiver.

Nathan L. Posner, Philadelphia, Pa., for petitioners.


OPINION

LUONGO, District Judge.

Before me are three Petitioners for Review of orders entered by the Bankruptcy Judge in proceedings involving the Debtor, Scientific Resources Corporation (SRC).

BACKGROUND

In 1965, SRC acquired substantially all of the capital stock of Hilco Homes Corporation from Martin Cohen, Anita Cohen, Walter Drucker and Richard Drucker (hereinafter referred to as petitioners) for an agreed price of $896,000. Eventually...

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