Legal Opinion
In re Espade Reality Corp.
District Court, E.D. New York
Decided June 24, 1946No. 45024Published
1Opinion of the Court
MOSCOWITZ, District Judge.
Preparatory to distribution of the proceeds of this estate, the Trustees applied for an order subordinating the claims of Prudence Realization Corporation to the extent of $189,713.97 to those of all other certificate holders. Prudence Realization Corporation has consented to the granting of such an order but has raised the question of the amount due to certificate holders to which its claims should be subordinated.
At the time this Chapter X proceeding was instituted, the debtor was the owner of an apartment building at Mt. Vernon, New York, subject to a certificated…
2Cases cited5 opinions
- Prudence Realization Corp. v. GeistSupreme Court of the United States · 1942
- Prudence Realization Corp. v. FerrisSupreme Court of the United States · 1945
- In Re Westover, Inc.Court of Appeals for the Second Circuit · 1936
- In Re Realty Associates Securities CorporationDistrict Court, E.D. New York · 1946
- Hurd Committee v. Prudence Realization Corp.Court of Appeals for the Second Circuit · 1945