[Download] "Newman & Bisco v. Realty Associates Securities Corp." by United States Court Of Appeals Second Circuit ~ Book PDF Kindle ePub Free
eBook details
- Title: Newman & Bisco v. Realty Associates Securities Corp.
- Author : United States Court Of Appeals Second Circuit
- Release Date : January 16, 1949
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 72 KB
Description
On petition of a debtor in reorganization and its sole stockholder pursuant to Bankruptcy Act § 250, 11 U.S.C.A. § 650, we agreed to review these allowances to representatives of various creditors in order that we might examine both the legality and the reasonableness of the awards made. The proceeding in reorganization was unique in that after about a year and a half it was dismissed, save for the settlement of certain reserved questions and the making of allowances, upon the payment by the debtor of its debts in full by funds advanced by its sole stockholder, a subsidiary of the Reconstruction Finance Corporation. For earlier activities in the proceeding the present appellees were awarded various amounts totaling $51,000 fees and $2,596.67 expenses, and these awards were affirmed by us. In re Realty Associates Securities Corp., 2 Cir., 156 F.2d 480. Their present claims, which were for additional allowances in all of $52,000, plus expenses, resulted in actual awards of $36,800 in fees and $3,800.22 in expenses.
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