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IN RE CROFOOT, NIELSEN & CO.

No. 13789.

313 F.2d 170 (1963)

In the Matter of CROFOOT, NIELSEN & CO., Alleged Bankrupt. CONTINENTAL AUTOMOBILE LEASING SYSTEMS, INC., Appellant, v. CROFOOT, NIELSEN & CO., and Nathan Yorke, Assignee for Benefit of Creditors, Appellees.

United States Court of Appeals Seventh Circuit.

Rehearing Denied February 27, 1963.

Attorney(s) appearing for the Case

Ralph G. Scheu and Jerome Berkson, Chicago, Ill., for appellant.

Norman H. Nachman, Chicago, Ill., Louis W. Levit, Gerald F. Munitz, Chicago, Ill., of counsel, for appellees.

Before SCHNACKENBERG, KILEY, and SWYGERT, Circuit Judges.

KILEY, Circuit Judge.

The District Court affirmed an order of the Referee dismissing Continental's involuntary petition in bankruptcy. Continental has appealed.

Crofoot, Nielsen & Co. made a general assignment for the benefit of creditors and on August 30, 1961, Continental, through its secretary-treasurer Healy, filed, as a single creditor,1 the involuntary petition against Crofoot. The Referee conducted a hearing on Crofoot...

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