In Re Dumont-Airplane & Marine Instruments, Inc.

RYAN, Chief Judge.

This is a proceeding initiated by the Trustee of the debtors to determine whether the liability of LeJohn Manufacturing Company to McGinnis Investment Corporation should be classified as a “General Unsecured Claim” or as a “Secured Claim”, as defined in the Plan of Reorganization of LeJohn approved by Judge Alexander Bicks on August 19, 1960.

The liability is in the amount of $13,-689, and is evidenced by a promissory note of $11,700 dated July 21, 1955 and bearing 6% interest from its maturity date of January 1, 1956.

The classification of the debt hinges upon the effect…