Bondholders' Protective Committee v. Milwaukee Lodge No. 46 of Benevolent & Protective Order of Elks

ALSCHULER, Circuit Judge.

A Bondholders’ Protective Committee appeals from a decree of the District Court disallowing variorts claims of the committee for compensation and expenses incurred in the reorganization of the debt- or, which owns property in Milwaukee designed and constructed and used for lodge and club purposes.

In March, 1935, the debtor filed its petition alleging its insolvency and seeking relief under the provisions of section 77B of the Bankruptcy Act (11 U.S.C.A. § 207). A plan of reorganization was submitted, and in June, 1935, an order was made confirming the plan.

It appears…