Legal Opinion

In Re Philadelphia & W. Ry. Co.

District Court, E.D. Pennsylvania

Decided July 29, 1943No. 18014PublishedCited by 6 opinions

1Opinion of the Court

KIRKPATRICK, District Judge.

The Plan of Reorganization, filed by the debtor, complies with the provisions of 11 U.S.C.A. § 616, section 216 of the Bankruptcy Act, and all parties in interest, including the Securities and Exchange Commission, are in agreement that it is fair.

The Securities and Exchange Commission in its advisory report states that it believes that the plan is not feasible. Its chief objection is to the amount and interest provisions of the proposed bond issue. The plan provides for bonds in the amount of $1,057,300, upon which interest is to be paid only if earned. The…

2Cited by6 opinions

In re W.R. Grace & Co.District Court, D. Delaware · 2012
In Re Record Club of AmericaDistrict Court, M.D. Pennsylvania · 1983
Morrill v. Waern Bldg. Corp.Court of Appeals for the Seventh Circuit · 1944
In Re WE Parks Lumber Co., Inc.United States Bankruptcy Court, W.D. Louisiana · 1982
In Re Wr Grace & Co.District Court, D. Delaware · 2012

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