In Re Chicago
1937.C07.40128 90 F.2D 795
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Descrição da editora
The ten appeals which are presented for our determination involve the same order. Five appeals were allowed by the District Court and five appeals were allowed by this court. The ruling attacked was an administrative order made by the trial court in proceedings under section 77, Bankr. Act, 11 U.S.C.A. § 205 note, in the course of the debtors operation by the trustees. It bears date of July 22, 1936, and protects the debtor whose creation of a lien upon its assets made possible the raising of money to cover necessary expenditures to maintain the properties of the debtor and its subsidiaries.