In re People

This is a proceeding, under the Schackno Act (Laws of 1933, chap. 745), for the reorganization of series BX-19, which consists of certificates issued and guaranteed by New York Title and Mortgage Company, representing “ participatory interests ” in a single first mortgage of a present unpaid principal amount of $997,500. The cash collateral available for payment of principal amounts to $2,600. The outstanding certificates, exclusive of those held by the New York Title and Mortgage Company, aggregate, in principal amount, $999,364.60. There are 446 certificate holders.

The principal amount of…