In re Arcadia Furniture Co.

RAYMOND, District Judge.

In proceedings under 77B of the Bankruptcy Act (11 USCA § 207), the special master denied the petition of Fred Walker whereby he claimed the status of a creditor and the right to allowance of a claim of $7,020 for alleged fair and reasonable value of 450 shares of preferred stock in debtor company which matured October 1, 1934. A demand for payment had been made by him upon debtor on October 9, 1934, several months prior to the date of filing the petition for reorganization. The special master found that claimant has no rights or interests in the assets of debtor…