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K. KING & G. SHULER CORPORATION v. PETITIONING CREDITORS

No. 23491.

427 F.2d 689 (1970)

The K. KING & The G. SHULER CORPORATION, Appellant, v. PETITIONING CREDITORS, Appellees.

United States Court of Appeals, Ninth Circuit.

June 5, 1970.

Attorney(s) appearing for the Case

John P. Hanrahan, Los Angeles, Cal., for appellant.

Norman D. Rose (argued), of Rose & Ehrmann, Los Angeles, Cal., for appellees.

Before HAMLEY and ELY, Circuit Judges, and POWELL, District Judge.

HAMLEY, Circuit Judge:

This involuntary bankruptcy proceeding was commenced on December 27, 1963, by the unsecured creditors of the K. King & G. Shuler Corporation. They alleged in their petition that within four months of the filing of the petition, namely on October 30, 1963, the corporation, while insolvent, transferred cash in the sum of $4,138.95 to John P. Hanrahan on account of an antecedent debt. They further alleged that, as to all or part of this sum...

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