In re Center Court Apartments, Inc.

GIBSON, District Judge.

On July 14, 1936, the debtor filed a petition under section 77B of the Bankruptcy Act, 11 U.S.C.A. § 207. After approval of the petition, the debtor was allowed to remain in charge of'its principal asset, an apartment house in Pittsburgh. On August 19, 1936, a joint plan of reorganization was filed by the debtor and the Real Estate Bondholders Protective Committee. This committee was organized in New York in 1932 for the protection of bondholders covering real estate issues. underwritten by S. W. Strauss & Company.

Under the plan before the court the first mortgage…