In re Tamasha Town & Country Club

MEMORANDUM AND ORDER ON REVIEW

WESTOVER, District Judge.

Tamasha Town and Country Club, a California corporation, filed a petition under Section 322 of Chapter XI of the Bankruptcy Act of July 31, 1962. On April 28, 1964 Debtor filed a First Amended Plan of Arrangement with the bankruptcy court. At a hearing in the chapter proceedings on November 13, 1964 the Referee in bankruptcy fixed $14,000.00 as the amount of deposit to be made by Debtor pursuant to § 337(2) of the Bankruptcy Act (11 U.S.C. § 737).

A. J. Bumb was appointed disbursing agent on October 2, 1963 and received from the Debtor on…