1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 274 F.Supp.
  5. 274 F.Supp. 342 (1966)
 

IN RE IMPERIAL "400" NATIONAL, INC.

No. B 656-65.

274 F.Supp. 342 (1966)

In the Matter of IMPERIAL "400" NATIONAL, INC., a Delaware corporation, Bristol Financial Corporation, a New Jersey corporation, Imperial "400" Corporation, a Nevada corporation, Imperial "400" Land Corporation, a Delaware corporation, Motor Hotel Properties, Inc., a New Jersey corporation, Trans-National Development Corporation, a New Jersey corporation, Four Hundred Construction Corporation, a Delaware corporation, National Motel Construction Company, a California corporation, and Trans-World Motel Supply Corporation, a California corporation, Debtors.

United States District Court D. New Jersey.

January 31, 1966.

Attorney(s) appearing for the Case

Sidney Lapidus and Donald L. Roth, New York City, for Securities and Exchange Commission.

Myron S. Lehman, Morris Ravin, Ravin & Ravin, Newark, N. J., Nelson G. Gross, Gross & Gross, Hackensack, N. J., for debtors.

Sanford Silverman, Newark, N. J., for receiver.

McCarter & English, by James H. Bennett, Newark, N. J., for Ohio Citizens Trust Co. and Lincoln National Life Insurance Co.

Sullivan & Cromwell, by Lester L. Cooper, Jr., New York City, Hannoch, Weisman, Myers, Stern & Besser, by Joseph A. Weisman and Ronald Sturtz, Newark, N. J., for G. A. C. Commerce and James T. Alcott, Inc.

Theodore L. Cross, New York City, for Sheraton Corporation of America.

Kleinberg, Moroney & Masterson, by Sheldon Schachter, Newark, N. J., for Creditors Committee.

Elmer O. Goodwin, Newark, N. J., for Sun Life Assurance Co. of Canada.

OPINION

SHAW, District Judge.

On June 3, 1965 petitioners filed a joint petition under Chapter XI of the Bankruptcy Act alleging, among other things, that they "cannot meet their obligations." A receiver was appointed on June 4, 1965. The initial petition was subsequently amended on petition of the debtors and by order of the Referee in Bankruptcy dated July 27, 1965. The substance of the amendment is an allegation that the debtors cannot meet their obligations...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases