Case Name: In re CRAGG (two cases)
Court: United States District Court for the Western District of New York
Jurisdiction: United States
Decision Date: 1934-10-11
Citations: 9 F. Supp. 41
Docket Number: 
Parties: In re CRAGG (two cases).
Judges: 
Reporter: Federal Supplement
Volume: 9
Pages: 41–41

Head Matter:
In re CRAGG (two cases).
District Court, W. D. New York.
Oct. 11, 1934.
Floyd W. Annabel, of Bath, N. Y., for petitioners.
James McCall, of Bath, N. Y., for creditors.

Opinion:
KNIGHT, District Judge.
I think the petitions herein are sufficient to sustain orders directing a reference to the Conciliation Commissioner. This decision is made with no consideration given to the question of the constitutionality of section 75, Bankr. Act (11 USCA § 203), in so far as it purports to provide a moratorium for the payment of debts of farmers. Two processes are in contemplation by the act. They are independent, and either may stand or fall upon its separate provisions. In the event that no conciliation is effected, the questions now raised by the petitioners, other than the question of the sufficiency of the form of the petition, may be raised in the proceedings following action before the Conciliation Commissioner.
It appears from the schedules that practically all of the claims against the debtors are owned by respondent creditors. Whether conciliation is effected rests with them. It would seem from the papers submitted that there can be little, if any, equity in petitioners' property or little likelihood that there will be. It seems to the court that some conciliation could be concluded without resort to further proceedings under the Bankruptcy Act.
The stay of proceedings in foreclosure is granted pending the report of the Conciliation Commissioner. Reference of the petitions is made to Fay Bennett, Conciliation Commissioner, Hornell, N. Y.