v2858-517

13

B

THE DISTRICT COURT MISCONCEIVED THE

PURPOSE OF CHAPTER X PROCEEDINGS,

WHICH WAS TO AVOID THE CONSEQUENCES

TO DEBTORS AND CREDITORS OF FORECLO-

SURES, LIQUIDATIONS AND FORCED SALES

WITH A DRASTIC INFLATIONARY EFFECT.

C

THERE WAS NO EVIDENCE BEFORE THE

COURT UPON WHICH THE COURT COULD PRO-

CEED TO DETERMINE WHETHER THE PRO-

CEEDINGS SHOULD NOT BE DISMISSED, OR

WHETHER AN ADJUDICATION SHOULD BE EN-

TERED IN BANKRUPTCY. THE FINDINGS WERE

UNSUPPORTED BY EVIDENCE.

II.

THE DISTRICT COURT ERRED IN REFERRING

THE PROCEEDINGS TO DAVID B. HEAD, ONE

OF THE REFEREES IN BANKRUPTCY IN LOS

ANGELES COUNTY INSTEAD OF N. C. PETERS,

THE REFEREE IN BANKRUPTCY FOR THE

COUNTY OF SAN BERNARDINO AND RIVERSIDE,

THE DEBTOR HAVING ITS PRINCIPAL PLACE

OF BUSINESS, ITS PRINCIPAL ASSETS AND THE

GREATER PORTION OF ITS CREDITORS IN RIV-

ERSIDE COUNTY FOR THE GREATER PORTION

OF THE SIX MONTHS IMMEDIATELY PRECED-

ING THE FILING OF THE PETITION.

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archive.org Volume Name: govuscourtsca9briefs2858

Volume: http://archive.org/stream/govuscourtsca9briefs2858

Document Link: http://archive.org/stream/govuscourtsca9briefs2858#page/n516/mode/1up

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