Legal Opinion

Matalone v. Peoria Life Ins.

Court of Appeals for the Seventh Circuit

Decided February 11, 1935No. 5333PublishedCited by 7 opinions

1Opinion of the Court

SPARKS, Circuit Judge.

The only issue involved in this appeal is whether under sections 77A and 77B of the National Bankruptcy Act (48 Stat. 912, 11 USCA §§ 206, 207) the federal courts have jurisdiction to entertain a petition for reorganization of an insurance company, which has ceased to do business and the property of which is in the hands of receivers. The District Court held that it had no such jurisdiction, and from that ruling this appeal is prosecuted.

The petition of appellants alleged that they were creditors of the Peoria Life Insurance Company in excess of $1,000, and that the…

2Cases cited4 opinions

  1. People Ex Rel. Palmer v. NiehausIllinois Supreme Court · 1934
  2. People Ex Rel. Lowe v. Marquette National Fire InsuranceIllinois Supreme Court · 1933
  3. People Ex Rel. Palmer v. Peoria Life InsuranceIllinois Supreme Court · 1934
  4. In Re National Surety Co.District Court, N.D. New York · 1934

3Cited by7 opinions

  1. Capital Endowment Co. v. KroegerCourt of Appeals for the Sixth Circuit · 1936
  2. Someone Claiming to Represent Oil & Gas Company v. Harold T. Duryee, Successor in Interest to George Fabe, as the State of Ohio LiquidatorCourt of Appeals for the Ninth Circuit · 1993
  3. Levis v. New York Life Insurance Co.Supreme Court of Pennsylvania · 1947
  4. Metropolitan Life Ins. v. Whitestone Management Co.Court of Appeals for the Seventh Circuit · 1935
  5. In Re Island Mortgaging CorporationDistrict Court, E.D. New York · 1937

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