The Calland Corporation v. United Insurance Company of America, the Calland Corporation v. William N. Bowie, Jr., Trustee, and United Insurance Company of America

408 F.2d 1199 The CALLAND CORPORATION, Appellant, v. UNITED INSURANCE COMPANY OF AMERICA et al., Appellees. The CALLAND CORPORATION, Appellant, v. William N. BOWIE, Jr., Trustee, and United Insurance Company of America, Appellees. No. 21175A-F. No. 22316. United States Court of Appeals Ninth Circuit. March 13, 1969. Rehearing Denied April 8, 1969. COPYRIGHT MATERIAL OMITTED A. V. Falcone (argued), of Falcone & Falcone, Los Angeles, Cal., for appellant. Arnold L. Kupetz (argued), of Sulmeyer & Kupetz, Los Angeles, Cal., for Wm. N. Bowie, Jr. Eugene Kelly (argued), Los Angeles, Cal., for United Ins. Co. Before DUNIWAY and ELY, Circuit Judges, and TAYLOR * , District Judge. DUNIWAY, Circuit Judge: 1 These are seven appeals, all growing out of an attempted reorganization under Chapter XI of the Bankruptcy Act. Appellant's principal asset was an apartment complex in West Covina, California. Appellee, United Insurance Co., had loaned $700,000 in January of 1963 to finance the construction of these apartments. The loan was secured by a first deed of trust. The apartments were built, but appellant was unable to keep up the payments to United. On November 10, 1964, appellant filed…