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McKNIGHT v. M. & J. FINANCE CORPORATION

No. 7443.

247 F.2d 112 (1957)

Roy B. McKNIGHT, Jr., Trustee in Bankruptcy of the Charlotte Valve and Pump Company, Inc., Bankrupt, Appellant, v. M. & J. FINANCE CORPORATION, and J. F. Wyatt and Franklin Lindon, Trading as S. & J. Motor Company, Appellees.

United States Court of Appeals Fourth Circuit.

Decided August 1, 1957.

Attorney(s) appearing for the Case

Ernest S. Delaney, Jr., Charlotte, N. C. (Bell, Bradley and Gebhardt & DeLaney, Charlotte, N. C., on brief), for appellant.

No oral argument or brief for appellees.

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

SOBELOFF, Circuit Judge.

A trustee in bankruptcy here seeks to avoid as a preference the transfer of an automobile by a bankrupt corporation to one of its creditors.

The state court appointed a receiver for the Charlotte Valve and Pump Company on October 23, 1954. This was followed by an involuntary petition in bankruptcy on November 2, an adjudication on November 19, and the election of Roy B. McKnight, Jr., as trustee on December 31, 1954.

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