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IN MATTER OF ABINGDON REALTY CORP.

No. 75-1634.

530 F.2d 588 (1976)

In the Matter of ABINGDON REALTY CORPORATION, Bankrupt. A & H HOLDING CORPORATION, Appellant, v. Gerald M. O'DONNELL, Trustee, et al., Appellees.

United States Court of Appeals, Fourth Circuit.

Decided January 22, 1976.

Attorney(s) appearing for the Case

Thomas J. Harrigan, Arlington, Va. (Harrigan & Artz, Arlington, Va., on brief), for appellant.

R. Terrence Ney, Alexandria, Va. (Boothe, Prichard & Dudley, Alexandria, Va., on brief), for appellee Savage/Fogarty Companies, Inc.

Roy B. Zimmerman, Alexandria, Va., for appellee Gerald M. O'Donnell, Trustee.

Henry H. Glassie, Charles A. Trainum, Jr., Glassie, Pewett, Beebe & Shanks, Washington, D.C., filed a brief for appellee Metropolitan Life Ins. Co.

Before CRAVEN and FIELD, Circuit Judges, and THOMSEN, Senior District Judge.

THOMSEN, Senior District Judge.

Abingdon Realty Corporation (Abingdon) was adjudicated bankrupt on July 2, 1974, after an unsuccessful effort to reorganize under Chapter XI. Its principal asset was an office building in Arlington, Virginia, which was subject to two deeds of trust: the first, in favor of Metropolitan Life Insurance Company, which was in default and on which a balance of over $6,100,000, including interest, was unpaid in December 1974; the second, in...

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