 In early February 1933, Paramount-Publix was placed in equity receivership, under receivers Adolph Zukor and Charles D. Hilles, followed by voluntary bankruptcy in March.On November 21, 1934, the three major security holders committees submitted a plan for Paramount Publix to be combined with Paramount Famous-Players Lasky into a new corporation.A reorganization plan for Paramount Publix, the first large corporation to attempt reorganization under the then new bankruptcy, was approved by Bankruptcy Judge Alfred C. Coxe in April 1935 to end proceeding.