In re The People

This is a Schackno Act proceeding for the reorganization of series B-8 of guaranteed mortgage certificates, issued by the New York Title and Mortgage Company and representing participating interests in a single first mortgage in the unpaid principal amount of $575,000 on an apartment house at 441 Ocean avenue, Brooklyn, N. Y. The proposed plan calls for the election of a trustee to administer the mortgage. The situation here is very similar to that presented in connection with series BX-19, and the plan will accordingly be modified so as to make it conform to the plan for series BX-19, as…