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IN RE SUSQUEHANNA CHEM. CORP.

UNITED STATES DISTRICT COURT WESTERN DISTRICT OF PENNSYLVANIA


September 28, 1950

In re SUSQUEHANNA CHEMICAL CORPORATION

The opinion of the court was delivered by: GOURLEY

The present matter arises out of a reorganization proceeding. A Trustees' petition was filed to sell divers houses and contiguous lands of the Debtor. Objection has been made to the confirmation of the sale of three parcels.

Unconditional bids, with the payment of hand money, have been made to the Trustees and firmly accepted by them, subject only to approval and confirmation by the Court. Three prospective purchasers objected to the confirmation in that leave was asked to withdraw the offers or bids previously made without prejudice. The circumstances which relate to each parcel involve the same propositions of law and no useful purpose can be served by detailing the facts as to each parcel. Suffice to say, we are concerned with the following: Amount Hand Money Property Bidder of Bid Paid House No. 31 Ruth Enis $ 900.00 $ 175.00 House No. 33 Ruth Enis 2000.00 375.00 House No. 35 W. J. Buffington 1300.00 225.00

19500928

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