The following excerpt is from Old Colony Bondholders v. New York, NH & HR Co., 161 F.2d 413 (2nd Cir. 1947):
12 "(7) The judge shall promptly determine and fix a reasonable time within which the claims of creditors may be filed or evidenced and after which no claim not so filed or evidenced may participate except on order for cause shown, the manner in which such claims may be filed or evidenced and allowed, and for the purposes of the plan and its acceptance, after notice and hearing, the division of creditors and stockholders into classes according to the nature of their respective claims and interests. * * *"
1 Palmer v. Webster & Atlas National Bank, 312 U.S. 156, 167, 61 S.Ct. 542, 85 L.Ed. 642.
2 My colleagues refer to it as the St. Paul case.
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