Commercial Wholesalers, Inc. v. Investors Commercial Corp.

A petition in involuntary bankruptcy was filed against Commercial Wholesalers, Inc. A petition for arrangement was filed by the corporation immediately alter adjudication. An amended plan of arrangement set up that, after making the payments required thereby, the remaining assets should be returned to the debtor free and clear of demands, and debtor should be discharged. The petition for adoption did not enlarge this provision. The order approving the plan followed the language of the plan. Thereupon, a petition for final decree was filed by debtor, which recited that the debts of the…