IN RE TAILORTOWNE, INC.

No. B-440-59.

198 F.Supp. 477 (1961)

In the Matter of TAILORTOWNE, INC., Bankrupt.

United States District Court D. New Jersey.

September 25, 1961.


Attorney(s) appearing for the Case

Kisselman, Devine, Deighan & Montano, by Neil F. Deighan, Jr., Camden, N. J., for petitioners.

Chester A. Weidenburner, U.S. Atty., Newark, N. J., by Frank J. Ferry, Asst. U. S. Atty., Camden, N. J., for respondents.


MADDEN, District Judge.

Before the Court at this time is a petition for review of an order of the Referee in Bankruptcy. The petitioners are the Woodbury Trust Company and the First National Bank of Woodbury (hereinafter referred to as "the Banks"), principal creditors of the bankrupt corporation. The Referee's order, along with the salient facts leading up to the same, are set out below.

On July 7, 1959, an involuntary petition in bankruptcy was filed against...

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