Legal Opinion
In Re Draco Realty Corporation
District Court, S.D. New York
Decided June 3, 1935PublishedCited by 2 opinions
1Opinion of the Court
HULBERT, District Judge.
Motion by debtor, and three answering creditors, supported by a bondholders’ committee, to dismiss an involuntary petition filed under section 77B of the Bankruptcy Act (11 USCA § 207).
Petitioners, like the answering creditors, are owners of first mortgage 6 per cent, gold bond certificates, and allege: “The value of the security covering said claims represented by the aforesaid bonds is not in excess of $500 for each of said bonds of $1,000 principal amount; that the foregoing bonds are now valued in the market at not in excess of $250 for each $1,000 bond. That said…
2Cases cited4 opinions
- Shelton Holding Corp. v. 150 East Forty-Eighth Street Corp.New York Court of Appeals · 1934
- In Re Granada Hotel CorporationDistrict Court, E.D. Illinois · 1935
- In Re Surf Bldg. CorporationDistrict Court, E.D. Illinois · 1934
- In re 2168 Broadway Corp.District Court, S.D. New York · 1935
3Cited by2 opinions
- In re Sponsor Realty Corp.District Court, S.D. New York · 1943
- In re R. A. Security Holdings, Inc.District Court, E.D. New York · 1942