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IN RE KEYSTONE REALTY HOLDING CO.

No. 20493.

67 F.Supp. 119 (1946)

In re KEYSTONE REALTY HOLDING CO.

District Court, W. D. Pennsylvania.

April 8, 1946.

Attorney(s) appearing for the Case

Samuel L. Fuss, of Pittsburgh, Pa., for trustee.

Frederick T. Finnigan, of New York City, for Securities and Exchange Commission.

George W. Smith and J. Vincent Burke, Jr., both of Pittsburgh, Pa., for George D. Wick.

Edmund K. Trent, of Pittsburgh, Pa., for Bondholders Protective Committee.

GIBSON, District Judge.

The proceeding for the reorganization of the Keystone Realty Holding Company was entered in this court on February 10, 1939. At that time it was a very sick corporation. With other indebtedness it had a bond issue of $1,691,000+ and a tax indebtedness of $800,000. Its property was then considered to be worth not much in excess, if at all, of the outstanding taxes. Abatement of half of the tax indebtedness...

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