Leatherhide Industries, Inc., Debtor-Appellant v. Sidney Lieberman, Objecting Creditor-Appellee
This text of 261 F.2d 560 (Leatherhide Industries, Inc., Debtor-Appellant v. Sidney Lieberman, Objecting Creditor-Appellee) is published on Counsel Stack Legal Research, covering Court of Appeals for the Second Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
LEATHERHIDE INDUSTRIES, INC., Debtor-Appellant,
v.
Sidney LIEBERMAN, Objecting Creditor-Appellee.
No. 166.
Docket 25398.
United States Court of Appeals Second Circuit.
Argued November 3 and 5, 1958.
Decided November 20, 1958.
Bernard J. Coven, New York City, for debtor-appellant.
Alfred A. Rosenberg, Brooklyn, N. Y. (Louis P. Rosenberg, Brooklyn, N. Y., on the brief), for objecting creditor-appellee.
Before CLARK, Chief Judge, WATERMAN, Circuit Judge, and GALSTON, District Judge.
PER CURIAM.
The order below dismissing this debtor's petition for reorganization on the court's determination that reorganization would be futile appears to us to be based upon an insufficient record. There are no findings — and apparently no evidence — showing the debtor's financial condition or prospects. The court should make adequate findings to support its result after taking such evidence as it deems desirable. Accordingly the order below must be reversed and the action remanded to the district court.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Cite This Page — Counsel Stack
261 F.2d 560, Counsel Stack Legal Research, https://law.counselstack.com/opinion/leatherhide-industries-inc-debtor-appellant-v-sidney-lieberman-ca2-1958.