IN RE BONNIE CLASSICS


116 F.Supp. 646 (1953)

In re BONNIE CLASSICS, Inc.

United States District Court S. D. New York.

November 20, 1953.


Attorney(s) appearing for the Case

Samuel P. Adelman, New York City, for alleged bankrupt.

Sanders & Shandalow, New York City (David L. Shandalow, New York City, of counsel), for petitioning creditors.


WEINFELD, District Judge.

This petition for review presents a single question of law, one of novel impression. Does the filing of a certificate of dissolution of a corporation, pursuant to § 105 of the New York Stock Corporation Law, when the corporation is insolvent, constitute an act of bankruptcy under § 3, sub. a(5) of the Bankruptcy Act, 11 U.S.C.A. § 21, sub. a(5)? The Referee concluded that it did...

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