United Shoe Machinery Corp. v. Lewis & Rosenthal

MANTON, Circuit Judge.

The Diana Shoe Corporation filed a petition under section 77B of the Bankruptcy Act, 11 U.S.C.A. § 207, and a trustee was appointed. Appellant filed a claim with the trustee of the debtor. A plan of reorganization was approved providing in effect for the transfer of the assets to three creditors who agreed to pay all general unsecured creditors whose claims had been filed with the trustee 35 per cent, of the amount of such claims. A master was appointed to pass on the claims and report objections thereto. Objection was made to the claim of the appellant, and the master…