First Savings & Trust Co. v. Mann
Court of Appeals for the Seventh Circuit
Appeal from the District Court of the United States for the Eastern District of Wisconsin. In the matter of bankruptcy proceedings of the Two Rivers Woodenware Company. From an order allowing the claim of Fred M. Mann as entitled to share in the disposition of money obtained as the result of a sale agreement, the First Savings & Trust Company, successor to the Milwaukee Trust Company, as trustee of the bankrupt, appeals.
1Opinion of the Court
BAKER, Circuit'Judge.
On April 8, 1910, Two Rivers Wooden-ware Company was adjudged a bankrupt. Its operations as a going manufacturing concern were continued by the trustee. Its affairs were very badly involved; its plant was mortgaged for about twice what *879it would probably sell for; its other assets were largely pledged or claimed by preferential creditors; and by September 1, 1910, the trustee was indebted more than $35,000 in keeping the business going. In a statement to unsecured creditors the trustee explained that their chance of realizing anything would depend materially on the result…
2Cited by12 opinions
- Old Colony Bondholders v. New York, N. H. & H. R.Court of Appeals for the Second Circuit · 1947
- Hammer v. TuffyCourt of Appeals for the Second Circuit · 1944
- In Re Jayrose Millinery Co.Court of Appeals for the Second Circuit · 1937
- In Re BrannerCourt of Appeals for the Second Circuit · 1925
- Monjar v. HigginsCourt of Appeals for the Second Circuit · 1943
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