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MATTER OF HAWAII CORP.

No. 81-4217.

694 F.2d 179 (1982)

In the Matter of The HAWAII CORPORATION, Debtor, Lawrence I. WEISMAN, Stanley S. Goldberg, Sonia Goldberg, Hamilton Associates, Model Associates, Inc., S. Rosenthal & Co., Inc., David Weinberg, William Weinberg, et al., Claimants-Appellants, v. John T. GOSS, Trustee-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided December 6, 1982.

Attorney(s) appearing for the Case

Lawrence I. Weisman, in pro per.

Don Jeffrey Gelber, Honolulu, Hawaii, for trustee-appellee.

Before CHOY, SNEED and FARRIS, Circuit Judges.

SNEED, Circuit Judge:

The Hawaii Corporation (THC) is a corporate bankrupt undergoing reorganization pursuant to Chapter X of the Bankruptcy Act of 1898. Appellants are a group of investors who appeal from an order of the district court, sitting in bankruptcy, subordinating certain of the investors' claims against THC. Because we find that subordination was appropriate in this case, we affirm.

I.

FACTS

Appellants' claims against THC's bankruptcy...

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