In Re PR Holding Corporation

FRANK, Circuit Judge.

1. The first question we face is whether or not the action of Bisgeier and Cohen in purchasing certificates for the purpose of securing the approval of the plan was in “good faith,” for a finding that these purchases were in “good faith” would preclude the consideration of any other questions. The mere fact that a purchase of creditors’ interests is for the purpose of securing the approval or rejection of a plan does not of itself amount to “bad faith.” When that purchase is in aid of an interest other than an interest as a creditor, such purchases may amount to “bad…