Legal Opinion
In re Downtown Wet Wash Laundry, Inc.
District Court, S.D. New York
Decided July 31, 1931PublishedCited by 2 opinions
1Opinion of the Court
PATTERSON, District Judge.
The bankrupt made an offer of composition which came before the court for confirmation. One Segal, who describes himself as “a person interested in the estate” of the bankrupt, filed specifications in opposition to confirmation. The bankrupt moves to dismiss the specifications on the ground that Segal is not a creditor.
It appears without dispute that Se-gal is not a creditor of the bankrupt. He is a stockholder, or a former stockholder. The rule is, and ought to be, that only creditors may oppose confirmation of a composition. Remington on Bankruptcy, § 3102; Ross v.…
2Cases cited1 opinion
- Ross v. SaundersCourt of Appeals for the First Circuit · 1901
3Cited by2 opinions
- In Re Kreisler Group, Inc., Debtor (Appellee). Appeal of Seventh Avenue (Far East) Ltd.Court of Appeals for the Second Circuit · 1981
- Official Equity Security Holders' Committee v. Wilson Foods Corp. (In Re Wilson Foods Corp.)United States Bankruptcy Court, W.D. Oklahoma · 1985