In re H. B. Hollins & Co.
District Court, S.D. New York
In Bankruptcy. In the matter of the bankruptcy of H. B. Hollins & Co. Ex parte application by Morris Hillquit for distribution of a fund. Claims of persons entitled ordered liquidated before distribution, with order to receiver to file petition to review.
1Opinion of the Court
LEARNED HAND, District Judge.
It seems to me that this case is distinguishable from In re Hollins & Co., Ex parte Hollins & Co., 230 Fed. 917 (the Chase National Bank fund), because several of the claimants here are also creditors whose claims as such were reserved in the order of confirmation for future liquidation. This court, under section 12e, has power to distribute the consideration, and it cannot do this without liquidating the claims. It cannot liquidate the claims until the fund is effectually distributed, since the fund measures the amount left over of the customers’ securities, and…
2Cases cited1 opinion
- In re H. B. Hollins & Co.District Court, S.D. New York · 1915