AUGUSTUS N. HAND, Circuit Judge.
On December 2, 1929, an involuntary petition in bankruptcy was filed against the bankrupt individually and as copartner in the firm of Kornbluth & Rothenberg. An offer of composition providing for the payment of all claims in full, 17½ per cent. payable in cash and 82½ per cent. in notes, was confirmed by the bankruptcy court February 20, 1930. On March 21, 1931, Kornbluth filed a voluntary petition in bankruptcy, and...
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