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IN RE FREDERICK SPEIER FOOTWEAR CORPORATION

Civ. A. No. 26278.

129 F.Supp. 434 (1955)

In re FREDERICK SPEIER FOOTWEAR CORPORATION, Bankrupt.

United States District Court, D. Connecticut.

March 17, 1955.

Attorney(s) appearing for the Case

Charles Weingarten, Bridgeport, Conn., for petitioner.

Arthur B. Weiss, of Saltman, Weiss & Connors, Bridgeport, Conn., for respondent.

ANDERSON, District Judge.

In December, 1950, a shoe manufacturer, Frederick Speier Footwear Company, predecessor of the bankrupt, entered into a contract with William Iselin and Company, Inc. (hereinafter called Iselin) whereby Iselin agreed to purchase the accounts receivable of the Footwear Company with the understanding that Iselin would bear any loss on any account receivable resulting from the financial inability of a customer of the Footwear Company to pay but...

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