Legal Opinion
In re Time Sales Finance Corp.
Court of Appeals for the Third Circuit
Decided August 28, 1970No. 18739PublishedCited by 1 opinion
1Opinion of the Court
OPINION OF THE COURT
STALEY, Circuit Judge.
Time Sales Finance Corporation filed its petition for arrangement under Section 322 of Chapter XI of the Bankruptcy Act (hereinafter “the Act”), 11 U.S.C. § 722 (1964 ed.). The creditors were notified by the referee of a first meeting at which they could, inter alia, nominate a trustee. At the meeting held on May 7, 1968, Mr. Raymond R. Walsh, who at that time was the duly appointed receiver of the debtor, was proposed as stand-by trustee in case of proceedings in bank*417ruptcy. No response was made by those present to the request of the referee for…
2Cases cited3 opinions
- Securities, Inc. v. Kilsheimer IIICourt of Appeals for the Second Circuit · 1964
- In re Lenrick Sales, Inc.Court of Appeals for the Third Circuit · 1967
- In re LloydDistrict Court, E.D. Wisconsin · 1906