New York Credit Men's Adjustment Bureau, Inc. And Chauncey H. Levy v. A. Jesse Goldstein & Co.

LUMBARD, Chief Judge.

The sole question raised by this appeal is whether it is “practicable” to apply to a liquidation proceeding pending at the time it took effect, § 19 of the 1952 Amendatory Act to the Bankruptcy Act, 1 granting to administration claims arising in bankruptcy liquidation priority in advance of payment of claims of the same kind incurred in a superseded debtor reorganization proceeding. Whether it is practicable so to apply § 19 turns upon the interpretation to be placed upon § 56(b) of the amending act, 66 Stat. 438, 11 U.S.C.A. § 1 note, which reads: “The provisions of this…