In re Dale Transp. Lines, Inc.

GIBSON, District Judge.

A plan of reorganization of the Dale Transportation Lines, Inc., having been *92approved by a majority of all parties interested, was in turn approved by the court. The plan consisted substantially in turning over the control of the debtor to its creditors. A voting trust was created, of which two members represented creditors and one the stockholders. These voting trustees were to supervise and control the operations of the debtor until the indebtedness was paid. The debtor was allowed to be in possession, but all stock was to be delivered to the voting trustees to be…