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IN RE M. L. BLITZSTEIN & CO.

No. 13802.

23 F.Supp. 210 (1938)

In re M. L. BLITZSTEIN & CO.

District Court, E. D. Pennsylvania.

April 11, 1938.

Attorney(s) appearing for the Case

Henry Weiss, of Philadelphia, Pa., for petitioner.

Aarons, Weinstein & Goldhaber, of Philadelphia, Pa., for liquidating trustees.

DICKINSON, District Judge.

This case is unique and raises a question of jurisdiction among others. The bankrupts made application for a composition. This ended with an order confirming the composition as made. The composition provided for payment to the general creditors of 33½ per cent. of their claims in cash. All the remaining assets of the bankrupts were assigned to liquidating trustees, who issued what were called "participating certificates" for 66 2/3...

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