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STELLA v. GOVERNMENT DEVELOPMENT BANK OF P. R.

No. 81-1102.

663 F.2d 326 (1981)

In the Matter of Edgar STELLA, et al., Debtors, Appellants, v. GOVERNMENT DEVELOPMENT BANK OF PUERTO RICO, Appellee.

United States Court of Appeals, First Circuit.

Decided October 13, 1981.

As Amended March 29, 1982.

Attorney(s) appearing for the Case

Ismael H. Herrero, Jr., and Correa Calzada, Collazo Salazar, Herrero and Lazaro Paoli, San Juan, P. R., on brief for appellants.

Roberto E. Garcia Torres, Rio Piedras, P. R., on brief for appellees.

Before COFFIN, Chief Judge, BOWNES and BREYER, Circuit Judges.

BREYER, Circuit Judge.

In June 1979 the appellants, Dr. Edgar Stella and his wife, filed petitions in the federal Bankruptcy Court in Puerto Rico. They sought the protection of former Bankruptcy Act, Chapter XIII — which offers Wage Earner Plans as an alternative to bankruptcy.1 One of Stellas' creditors, the Government Development Bank of Puerto Rico, opposed the petitions on the ground that Dr. Stella did not qualify as a "wage...

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