Legal Opinion

In Re Realty Associates Securities Corporation

Court of Appeals for the Second Circuit

Decided July 11, 1946No. 315, Docket 20277PublishedCited by 7 opinions

1Opinion of the Court

FRANK, Circuit Judge.

1. We think the services for which the lower court allowed compensation were, as it held, rendered “in connection with the administration of an estate” (see § 242),- and were “beneficial in the administration of the estate” within the meaning of § 243. Tírese services surely were connected with the administration. Also, they were “beneficial” ; an estate, under Chapter X, is administered primarily for the creditors; and administration which aids in bringing about full payment of all creditors, while leaving the debtor with an equity, is patently beneficial to the estate.

Ac…

2Cases cited2 opinions

  1. Walker & Austin v. TylerCourt of Appeals for the Second Circuit · 1942
  2. Eckert v. CaspersCourt of Appeals for the Second Circuit · 1945

3Cited by7 opinions

  1. In Re Jensen-Farley Pictures, Inc.United States Bankruptcy Court, D. Utah · 1985
  2. Finn v. Childs Co.Court of Appeals for the Second Circuit · 1950
  3. In Re Penn-Dixie Industries, Inc.United States Bankruptcy Court, S.D. New York · 1981
  4. Pension Benefit Guaranty Corp. v. Incus, Verlin, Hahn, Reich & Goldstein Professional Corp.District Court, E.D. Pennsylvania · 1984
  5. Newman & Bisco v. Realty Associates Securities Corp.Court of Appeals for the Second Circuit · 1949

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