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IN RE McCRORY STORES CORPORATION

19 F.Supp. 917 (1936)

In re McCRORY STORES CORPORATION et al.

District Court, S. D. New York.

November 2, 1936.

Attorney(s) appearing for the Case

Breed, Abbott & Morgan, of New York City (Charles H. Tuttle and Paris S. Russell, both of New York City, of counsel).

Irving Ben Cooper, of New York City (Irving Ben Cooper and David Haar, both of New York City, of counsel).

Rosenberg Goldmark & Colin, of New York City (Sidney Kaye and Godfrey Goldmark, both of New York City, of counsel).

PATTERSON, District Judge.

McCrory Stores Corporation was petitioned into bankruptcy on January 14, 1933. It had retail stores scattered over the country and did a business running into many millions. But it was committed on leases that called for the payment of larger rentals than it could pay, and in addition it owed obligations of eight millions to creditors. The business had been conducted at a loss and altogether the situation was a most complex one. The Irving...

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