Legal Opinion
In Re H. Krieger & Co.
District Court, D. Connecticut
Decided August 13, 1941No. 20774PublishedCited by 5 opinions
1Opinion of the Court
HINCKS, District Judge.
An arrangement can be confirmed under Chapter XI only if it is for the best interests of creditors and also is fair and feasible. Bankr.Act Sec. 366, 11 U.S.C.A. § 766. Both of these prerequisites are challenged by the petition in review.
Whether the arrangement here was for the best interest of creditors I do not now decide. I observe only that on the record made by the debtor the question is a close one. There is considerable evidence which indicates that the creditors might fare better if the estate were liquidated. And the fact that a large percentage of the…
2Cases cited1 opinion
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
3Cited by5 opinions
- In Re Record Club of AmericaDistrict Court, M.D. Pennsylvania · 1983
- Technical Color & Chemical Works, Inc. v. Two Guys from Massapequa, Inc.Court of Appeals for the Second Circuit · 1964
- In Re Bruce Hunt of Albany Corp.District Court, N.D. New York · 1958
- In re Skysweeper, Inc.District Court, N.D. Illinois · 1962
- Technical Color & Chemical Works, Inc. v. Two Guys From Massapequa, Inc.Court of Appeals for the Second Circuit · 1964