Matter of North American Acceptance Corp.

ORDER AND MEMORANDUM OF OPINION DENYING PROOF OF CLAIM OF GRANITE EQUIPMENT LEASING CORPORATION

A. D. KAHN, Bankruptcy Judge.

The above-named debtors, hereinafter referred to as NAAC and NAAC/W, filed reorganization petitions with this Court in early 1974. During the summer of that year, a bar date was set for the filing of proofs of claims in both cases. Creditors who file their proofs of claim after that date, which was ultimately set at March 31, 1975, are ineligible to vote on the plans of reorganization for these debtors and to participate in distribution of payments provided for by the…