MATTER OF INDUS. LAUNDRY MACH. CO., INC.


3 A.D.2d 843 (1957)

In the Matter of the General Assignment for the Benefit of Creditors of Industrial Laundry Machinery Co., Inc., Assignor, to New York Credit Men's Adjustment Bureau, Inc., Assignee-Appellant. Contractors Export Processing Corporation et al., Respondents

Appellate Division of the Supreme Court of the State of New York, Second Department.

April 8, 1957


Order reversed, without costs, and motion denied, without costs, and without prejudice to any right respondent may have to claim a preference upon the judicial accounting of the assignee.

Those who furnish labor and materials may have an equitable claim to be paid ahead of general creditors (see United States v. Munsey Trust Co., 332 U.S. 234; Seaboard Surety Co. v. United States, 67 F.Supp. 969

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