Legal Opinion
In re Skysweeper, Inc.
District Court, N.D. Illinois
Decided January 4, 1962No. 61 B 4412PublishedCited by 1 opinion
1Opinion of the Court
ROBSON, District Judge.
This action was instituted on April 20, 1961, when the debtor herein, Skysweeper, Inc., filed its voluntary petition under Chapter XI of the Bankruptcy Act (11 U.S.C.A. § 701 et seq.). A proposed arrangement was subsequently filed whereby the general unsecured creditors could elect to take 25% of the amount of their claims in cash, in full satisfaction thereof or 100% of the amount of the claims payable (1) 10% in cash upon confirmation of the arrangement, and (2) nine non-interest bearing notes, each valued at 10% of the amount of the debt, payable quarterly,…
2Cases cited5 opinions
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Provident Mut. Life Ins. v. University Evangelical Lutheran Church of SeattleCourt of Appeals for the Ninth Circuit · 1937
- In Re Skrentny. Molner v. SkrentnyCourt of Appeals for the Seventh Circuit · 1952
- In Re H. Krieger & Co.District Court, D. Connecticut · 1941
- Levy v. 1688 Milwaukee Corp.Court of Appeals for the Seventh Circuit · 1938
3Cited by1 opinion
- Matter of State Financial Service, Inc.District Court, M.D. Louisiana · 1977