In Re Helms Veneer Corporation

In Proceedings for an Arrangement under Chapter XI

DALTON, Chief Judge.

This matter is before the court on the separate petitions of Helms Veneer Corporation, debtor in possession, and James Talcott, Inc., holder of a security lien on the debtor corporation’s inventory, for review of the order of the referee in Bankruptcy ordering the claims of certain creditors, hereinafter set forth, paid in full as priority claims by the debtor corporation.

The facts are these. On March 28, 1968, the Helms Veneer Corporation (hereinafter debtor) filed its petition under Chapter XI of the Bankruptcy Act…