In re Photo Mart, Inc.

White, Eeferee.

On May 19,1969, the debtor filed an arrangement proceeding under Chapter XI of the Bankruptcy Act.

On June 25, 1969, M. H. Fogel & Co., filed a proof of claim alleging that there is due them the sum of $17,300, in-*110cheating that said debt is secured. On July 14, 1969, the debtor-in-possession filed an objection to the claim of M. H. Fogel & Co., alleging that if they have a security agreement a determination is needed as to the amount of security held by them against the debtor-in-possession and the debtor further objected to the claim as being secured, alleging they failed to…