In re Burman
District Court, D. Massachusetts
. In Bankruptcy. In the matter of bankruptcy proceedings of Simon Burman and Benjamin Welling, doing business as the Puritan Clothing Company. Application for confirmation of composition.
1Opinion of the Court
MORTON, District Judge.
Burman and Welling, the alleged bankrupts, have filed an offer in composition proposing to pay their unsecured creditors 40 per cent, of the debts proved. This offer was referred to the referee who, after hearing the offerors and the objecting creditor, has reported in favor of confirming the composition. A single ceditor, having a claim of about $400, appears in opposition to such confirmation.
The first ground of objection is that the composition proposed is not for the best interests of the creditors; in other words, that the creditors will obtain a larger dividend by…
2Cases cited4 opinions
- In re GilbertDistrict Court, D. Oregon · 1902
- In re ComstockDistrict Court, D. Rhode Island · 1907
- In re GodwinDistrict Court, E.D. Pennsylvania · 1903
- Oxford Iron Co. v. SlafterU.S. Circuit Court for the District of Northern New York · 1876
3Cited by1 opinion
- In Re KornbluthCourt of Appeals for the Second Circuit · 1933