Gluck v. Seaboard Surety Co. (In Re Eastern Freight Ways, Inc.)

OPINION

ROY BABBITT, Bankruptcy Judge:

I. THE LEGAL SETTING or HOW LAWYERS THREATEN TO DEPLETE OUR FORESTS

The dispute which is the subject of this decision involves directly two of the named defendants, and, depending on the outcome of that dispute, other defendants and the plaintiff, the trustee in bankruptcy of Eastern Freight Ways, Inc. (Eastern).

Both Eastern and its affiliate, Associated Transport, Inc. (Associated) came to this court in April, 1976 seeking the relief then afforded to financially harassed debtors by Chapter XI of the now repealed 1898 Bankruptcy Act, Sections 301 et seq.,…