In the Matter of Intaco Puerto Rico, Inc., Debtor. Appeal of Gabriel Alvarez & Associates
Court of Appeals for the First Circuit
1Opinion of the Court
McENTEE, Circuit Judge.
This case presents difficult questions concerning the relative rights and responsibilities of the various participants in a Chapter X reorganization proceeding. Because of the rather unusual history of this matter, the facts must be stated in some detail.
On January 18, 1971, Intaco Puerto Rico, Inc. (“the Debtor”) filed a petition for reorganization in the district court pursuant to Chapter X of the Bankruptcy Act, 11 U.S.C. § 501 et seq. (1970). The court approved the petition the next day. As part of its order of approval, the court, acting under the authority of 11…
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- Kimmich v. New York Clearing House Ass'nSupreme Court of the United States · 1940
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