City Nat. Bank & Trust Co. of Chicago v. Woods

MAJOR, Circuit Judge.

This is an appeal from an order of the District Court entered July 15, 1938, allowing the sum of $4000 on account of services rendered by appellee, Weightstill Woods, as trustee, appointed by the court in a proceeding under 77B of the Bankruptcy Act, 11 U.S.C.A. § 207, for the reorganization of Granada Apartments, Inc.

The proceedings were involuntary and by order entered March 17, 1937, were approved as properly instituted. The principal property of the debtor was a five-story furnished apartment hotel encumbered by a first mortgage trust deed securing outstanding…