Davis v. Tower Bldg. Corp.

LINDLEY, District Judge.

Shortly after the passage in 1934 of the amendment to the Bankruptcy Act known as section 77B (11 U.S.C.A. § 207), a proceeding for reorganization was filed in the District Court. That matter has progressed to a decree confirming a plan for reorganization. In the course of the proceedings, appellants, constituting a bondholders’ committee, filed their petition for allowance for compensation and expenses under subsection (c), paragraph (9), 11 U.S.C.A. § 207 (c) (9), which reads, in part, as follows: “The judge * * * (9) may allow a reasonable compensation for the…