In Re National Surety Co.
District Court, N.D. New York
1Opinion of the Court
BRYANT, District Judge.
Creditors of the National Surety Company have made application under sections 77A and 77B of the Bankruptcy Act (11 US CA §§ 206, 207) to have this court take jurisdiction of the company for the purposes of reorganization. The alleged debtor, National Surety Company, has neither appeared nor answered the petition. George S. Van Schaick, as superintendent of insurance of the state of New York and as liquidator of the said company, has appeared and answered. His answer puts in issue almost every allegation, except the insolvency of the alleged debtor, contained in the…
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