Leatherhide Industries, Inc. v. Lieberman
This text of 261 F.2d 560 (Leatherhide Industries, Inc. v. Lieberman) 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
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.
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261 F.2d 560, Counsel Stack Legal Research, https://law.counselstack.com/opinion/leatherhide-industries-inc-v-lieberman-ca2-1958.