IN RE JOURNAL-NEWS CORP.
IN RE JOURNAL-NEWS CORP.
193 F.2d 492
United States Court of Appeals for the Second Circuit (1951)
Positive Treatment
Cited by 10 cases
Opinion of the Court
PER CURIAM.
An arrangement under Chapter XI affects only the unsecured creditors of the debtor. 11 U.S.C.A. § 706. The bankruptcy court has exclusive jurisdiction of the debt-or and his property. 11 U.S.C.A. § 711. But the debtor has no property interest in the shares of its stock owned by its stockholders. Consequently the court had no jurisdiction to restrain disposal of their stock. See In re Hotel Martin Co. of Utica, 2 Cir., 94 F. 2d 643; In re Gobel, 2 Cir., 80 F. 2d 849. The restraining order is reversed.
Cases With Similar Vibessemantic neighbors from the corpus
Citator
Cited By
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Brown v. Beto, 377 F.2d 950 (5th Cir. 1967)
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LEE v. Swope, 225 F.2d 674 (9th Cir. 1955)
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In re Tex. Consumer Fin. Corp. v. Tex. Consumer Fin. Corp., 480 F.2d 1261 (5th Cir. 1973)
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Join FLexlaw to unlock all legal intelligenceAuthorities Cited
- In re Adolf Gobel v. Adolf Gobel, Inc., 80 F.2d 849 (2d Cir. 1936)
- In re Hotel Martin Co. OF Utica, 94 F.2d 643 (2d Cir. 1938)