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IN RE HUNTERBROOK BUILDING CORP.

No. 222, Docket 25952.

276 F.2d 190 (1960)

In the Matter of HUNTERBROOK BUILDING CORP., Whitehill Building Corp., Mohansic Building Corp. and 300 Building Corp., Debtors-Appellants. Richard P. Schulz et al., Petitioning Creditors-Appellants. Ardisco, Ltd., and New Jersey Industries, Inc., Answering Creditors-Appellees.

United States Court of Appeals Second Circuit.

Decided March 23, 1960.

Attorney(s) appearing for the Case

Joseph R. Pisani, New Rochelle, N. Y. (Gaynor, Mosher, Freeman & Pisani. New Rochelle, on the brief), for petitioning creditors-appellants.

Irving Like, Babylon, N. Y. (Reilly & Like, Babylon, N. Y., on the brief), for debtors-appellants.

George Natanson, New York City, (Harte, Natanson & Gordon, New York City, on the brief), for answering creditor Ardisco, Ltd., appellee.

George H. Cohen, New York City, for answering creditor New Jersey Industries, appellee.

Before LUMBARD, Chief Judge, and MOORE and FRIENDLY, Circuit Judges.

PER CURIAM.

Debtors are corporations which were engaged in developing land in the York-town Heights section of Westchester, purchased in February, 1957 from New Jersey Industries, Inc., known as the Murphy tract. Much work was done in installing roads, sewers and water supply, in building a sewage disposal plant and in constructing homes under agreements with numerous vendees. In March, 1959, building operations ceased. At that time 49 houses had been completed and...

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