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IN RE AMPEL

203 F.Supp. 815 (1962)

In the Matter of Lawrence AMPEL, a/k/a Larry Ampel, Bankrupt.

United States District Court S. D. New York.

April 16, 1962.

Attorney(s) appearing for the Case

Robert M. Morgenthau, U. S. Atty. for Southern Dist. of New York, New York City, for the United States. Robert E. Kushner, Asst. U. S. Atty., New York City, of counsel.

Erdheim & Armstrong, New York City, for bankrupt.

SUGARMAN, District Judge.

On February 15, 1956 the Small Business Administration of the United States loaned Lawrence Ampel, also known as Larry Ampel, the bankrupt herein, $28,000, for which it took his promissory note secured by a second mortgage on "Larrabee Cottages" at Pleasant Valley, New York. The mortgage was subordinate to a then existing first mortgage of $30,000. The loan was for the purpose of repairing flood and hurricane damage to the cottages during...

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