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IN RE PHILADELPHIA & W. RY. CO.

No. 18014.

51 F.Supp. 129 (1943)

In re PHILADELPHIA & W. RY. CO.

District Court, E. D. Pennsylvania.

July 29, 1943.

Attorney(s) appearing for the Case

Thomas Reath, of Philadelphia, Pa., for debtor.

George Zolotar, Chief, Reorganization Unit Securities & Exchange Commission, of New York City, for Securities & Exchange Commission.

KIRKPATRICK, District Judge.

The Plan of Reorganization, filed by the debtor, complies with the provisions of 11 U.S.C.A. § 616, section 216 of the Bankruptcy Act, and all parties in interest, including the Securities and Exchange Commission, are in agreement that it is fair.

The Securities and Exchange Commission in its advisory report states that it believes that the plan is not feasible. Its chief objection is to the amount and interest provisions...

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