Court of Appeals for the Fifth Circuit May 18, 1973, 72-2440 (In the Matter of Hallmark Medical Services, Inc., Debtors. Isaac Mizrahi v. William H. Martin, Trustee)

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United States · · · 18-05-1973

WISDOM, Circuit Judge;

In' this case a group of unsecured creditors in a Chapter X bankruptcy seeks priority ranking under the so-called “six months rule.” The appellant-creditors contend that this rule allows priority to all creditors who furnish credit to a corporate debtor within six months before the appointment of a trustee if such credit is necessary to the continued operation of the debtor.

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