Zimmermann v. Buildings Development Co.

TREANOR, Circuit Judge.

This is an appeal from the District Court’s decree, made in the course of a' reorganization proceeding, disallowing a claim for services which were rendered prior to the filing of the petition for reorganization.

The claimant-appellant is successor-trustee under a deed of trust 'which the debtor herein executed on March 28, 1927, for the purpose of securing an issue of $1,425,000 first mortgage bonds. As such trustee, and pursuant to the terms of the trust deed, the claimant performed numerous services intended to enforce and protect the bondholders’ lien and to preserve…