Court of Appeals for the First Circuit October 13, 1981, 81-1102 (In the Matter of Edgar Stella, Debtors v. Government Development Bank of Puerto Rico)

BREYER, Circuit Judge.

In June 1979 the appellants, Dr. Edgar Stella and his wife, filed petitions in the federal Bankruptcy Court in Puerto Rico. They sought the protection of former Bankruptcy Act, Chapter XIII — which offers Wage Earner Plans as an alternative to bankruptcy.

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One of Stellas’ creditors, the Government Development Bank of Puerto Rico, opposed the petitions on the ground that Dr.