Bankruptcy Involves Reelcraft
Moving Picture World, 1922-06-17, Page 626
Reports that Reelcraft Pictures Corporation has been placed into involuntary bankruptcy, with liabilities exceeding assets and a receiver appointed.
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Bankruptcy Involves Reelcraft
New York — An involuntary petition in bankruptcy was filed here on Wednesday, June 7, against Reelcraft Pictures Corporation, a producing and distributing company with offices at 220 West 42nd street, on the complaint of three creditors. Nothing in the petition filed disclosed the identity of those connected with the corporation in an official or other capacity, but the complaint alleges the liabilities are $150,000 and the assets $50,000. Judge John C. Knox appointed Max Cedarbaum receiver for the concern, with a bond of $2,500.
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