Jones v. Waynesburg Bank

SWINFORD, District Judge.

Ohio Builders & Milling, Incorporated, instituted proceedings under the provisions of Chapter XI of the Act of Congress relating to bankruptcy and known as the Chandler Act. Bankruptcy Act, § 301 et seq., 11 U.S.C.A. § 701 et'seq. On November 28, 1939, an order was entered finally confirming the arrangement. The plan contained the following provision: “The claims of the United States shall have the same priority and preference over claims of other creditors of the debtor, with respect to the assets thereof, as would lie against the assets of the debtor, or the…