IN RE ASSIGNMENT FOR BENEFIT OF CREDITORS OF RIDGE ESTATES


70 N.J. Super. 510 (1961)

176 A.2d 12

IN THE MATTER OF THE GENERAL ASSIGNMENT FOR THE BENEFIT OF CREDITORS OF RIDGE ESTATES, INC., ASSIGNOR, TO PAUL R. KLEINBERG, ASSIGNEE-RESPONDENT. LAWRENCE KANTOR, INC., CREDITOR-APPELLANT, v. PAUL R. KLEINBERG, ASSIGNEE-RESPONDENT.

Superior Court of New Jersey, Appellate Division.

Decided December 5, 1961.


Attorney(s) appearing for the Case

Mr. Melville J. Berlow argued the cause for creditor-appellant.

Mr. Harry Dvorken argued the cause for assignee-respondent.

Before Judges PRICE, SULLIVAN and LEONARD.


The opinion of the court was delivered by SULLIVAN, J.A.D.

On October 22, 1959, Ridge Estates, Inc. (assignor), pursuant to N.J.S. 2A:19-1 et seq. executed a "deed of assignment for the benefit of creditors" to Paul R. Kleinberg as assignee (assignee), and thereby conveyed two building lots, which were the sole asset of the assignor, to said assignee. On October 26, 1959 Lawrence Kantor, Inc. (Kantor)...

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