MATTER OF STRATTON GROUP, LTD.

Bankruptcy No. 76-B-1156.

12 B.R. 471 (1981)

In the Matter of The STRATTON GROUP, LTD. t/a John's Bargain Stores f/t/a Jean World, Bankrupt. Claim of ELCO LAMP & SHADE STUDIO, INC.

United States Bankruptcy Court, S.D. New York.

July 9, 1981.


Attorney(s) appearing for the Case

Angel & Frankel, P.C., New York City, f/k/a Marcus & Angel, P.C., for Lawrence Sarf Trustee in Bankruptcy.

Jacob Fogelson, New York City, for claimant.


OPINION

ROY BABITT, Bankruptcy Judge:

In 1973, pursuant to Section 322 of the Bankruptcy Act of 1898, 11 U.S.C. (1976 ed.) § 722, the debtor, The Stratton Group, Ltd. (hereinafter known as Stratton) filed its Chapter XI petition with this court.

On July 28, 1975, an order was entered confirming the plan proposed by Stratton and accepted by its creditors. That plan provided that unsecured creditors would receive 35% of their claims, 2½%...

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