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LEO v. L & M REALTY CORPORATION

No. 7070.

228 F.2d 89 (1955)

Rena C. LEO, Executrix of the Estate of Dr. Louis S. Leo, Deceased, petitioning creditor, Appellant, v. L & M REALTY CORPORATION, a Virginia corporation, Alleged Bankrupt, Appellee.

United States Court of Appeals Fourth Circuit.

Decided December 6, 1955.

Attorney(s) appearing for the Case

Paul M. Lipkin, Norfolk, Va. (Goldblatt & Lipkin, Norfolk, Va., on the brief), for appellant.

Norris E. Halpern, Norfolk, Va., for appellee.

Before PARKER, Chief Judge, and SOPER and DOBIE, Circuit Judges.

PARKER, Chief Judge.

This is an appeal from an order dismissing a petition of the Executrix of Dr. Louis S. Leo asking that the L & M Realty Corporation be adjudged an involuntary bankrupt because of alleged preferential payments made to two banks while the corporation was insolvent.

All of the stock of the corporation was owned by Dr. Leo and a Dr. Myers. The corporation was indebted to Leo in the sum of $17,501.85 and to Myers in approximately the same...

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