HERLANDS, District Judge.
What factors determine the choice between Chapter XI of the Bankruptcy Act (11 U.S.C.A. § 701 et seq.) and Chapter X (11 U.S.C.A. § 501 et seq.)?
This question—long debated but never resolved judicially by a pat formula—is the vortex of the present controversy.
United in their common advocacy of Chapter XI are the debtor, Bankers Trust Company (the largest secured creditor), and the Official Creditors...
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