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IN RE FRANKLIN GARDEN APARTMENTS

No. 40414.

38 F.Supp. 377 (1941)

In re FRANKLIN GARDEN APARTMENTS, Inc.

District Court, E. D. New York.

March 19, 1941.

Attorney(s) appearing for the Case

Leo J. Linder, of New York City, for debtor.

Louis J. Castellano, of Brooklyn, N. Y., for Green Point Sav. Bank.

Zalkin & Cohen, of New York City, for trustee.

William Walzer, of New York City, and Aaron Powsner, of Brooklyn, N. Y. (Raymond Gitlin, of New York City, of counsel), for Informal Creditors' Committee.

GALSTON, District Judge.

On February 5, 1941, the debtor filed its voluntary petition for reorganization under the provisions of Chap. X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq.

The debtor is a New York corporation, the sole substantial asset of which at the time of filing of the petition was an apartment house located in Queens County, New York. The premises are subject to a building loan mortgage in the sum of $385,000 made to the Green Point...

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