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GRABOSKY v. KEPHART

No. 5430.

72 F.2d 542 (1934)

GRABOSKY v. KEPHART.

Circuit Court of Appeals, Third Circuit.

Rehearing Denied August 29, 1934.

Attorney(s) appearing for the Case

Wm. A. Carr and Sidney L. Krauss, both of Philadelphia, Pa., for appellant.

Laurence H. Eldredge, of Philadelphia, Pa. (Montgomery & McCracken, of Philadelphia, Pa., of counsel), for appellee.

Before BUFFINGTON, DAVIS, and THOMPSON, Circuit Judges.

BUFFINGTON, Circuit Judge.

The gist of this case is thus stated in the opinion of the court below: "The fact situation is that this bankrupt is seeking to carry out a plan evilly conceived and not even sought to be concealed to rob his real creditors. To this end he had pledged all his assets to one friendly disposed to him. His plan is to have these assets exposed to sale under the pledge power, confident that under existing market conditions they will not bring...

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