In re the Rehabilitation of Lawyers Mortgage Co.

This is an application by a com nittee of creditors of Lawyers Mortgage Company, now in rehabilitation, for the reorganization of that company in accordance with a proposed plan prepared by the committee, or such other plan as the court may finally approve. Various kinds of relief are sought, the details of which will be referred to presently.

By order of this court, dated August 2, 1933, the Superintendent of Insurance was directed to take possession of the property of the company for the purpose of rehabilitating it. The order was made pursuant to sections 401 and 402 of the Insurance Law.…