Silver State Savings and Loan Association v. James Chalmers Young, Trustee of the Estate of Carver House, Inc., Bankrupt

HAMLEY, Circuit Judge.

This corporate reorganization proceeding was terminated by an order adjudicating the debtor a bankrupt. It is provided in the order that allowances made to the trustee in reorganization and his attorney “constitute a first lien upon all the property of the Debtor. 1 State Savings and Loan Association, the principal secured creditor, appeals. Appellant contends that the court should not have given these allowances lien priority over its first and second mortgages. Silver

The debtor, Carver House, Inc., filed a voluntary petition under chapter X of the Bankruptcy Act, on…