KALODNER, Circuit Judge.
The bankrupt, Philadelphia Penn Worsted Company, a Pennsylvania corporation, on December 12, 1958, made a general assignment for the benefit of creditors to Harvey Hurwitz as assignee. At the time of the assignment the bankrupt was the owner of a property at the northeast corner of York and Jasper Streets, Philadelphia.
On March 31, 1959, the assignee, pursuant to his agreement with the mortgagee of the property, put it up at public...
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