In re Dalton Schools, Inc.

BONDY, District Judge.

The Bankruptcy Act, Section 198, 11 U.S.C.A. § 598, provides that an indenture trustee may file claims for all holders of securities issued pursuant to the instrument under which he is trustee, who have not filed claims. Bankruptcy Rule X-17(c) of this Court provides that the amount of the claim filed by the indenture trustee shall be deemed to be reduced by such part of the claim as is represented by securities on which proofs of claim of interest have been filed by the holders thereof and allowed.

The trustee under a mortgage indenture or declaration of trust may file a…