(Download) "Corr v. Flora Sun Corp." by United States Court Of Appeals Fifth Circuit. # eBook PDF Kindle ePub Free
eBook details
- Title: Corr v. Flora Sun Corp.
- Author : United States Court Of Appeals Fifth Circuit.
- Release Date : January 24, 1963
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 52 KB
Description
LEWIS, Circuit Judge. On February 27, 1962, Flora Sun Corporation, a corporation organized to own and operate a 5200 acre land development project near Tampa, Florida, filed a petition for reorganization under Chapter X of the Bankruptcy Act (11 U.S.C.A. § 501 et seq.) The district court, upon the filing of such petition, entered its order of approval as provided by 11 U.S.C.A. § 541.1 Thereafter appellants, as secured creditors holding first and second mortgages on the debtor's property, filed an answer to the petition in which several material allegations of the petition were controverted as contemplated by 11 U.S.C.A. § 544.2 Appellants sought a hearing upon the controverted issues, prayed that the debtor be required to sustain the allegations of its petition, and, upon its failure so to do, sought a dismissal of the petition. The trial court heard oral argument upon the substance of the petition and the answer but took no evidence and summarily denied appellants any relief. This appeal followed.
 "Corr v. Flora Sun Corp." by United States Court Of Appeals Fifth Circuit. # eBook PDF Kindle ePub Free){kind=link}