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IN RE TIME SALES FINANCE CORPORATION

Nos. 19239, 19240.

445 F.2d 385 (1971)

In the Matter of TIME SALES FINANCE CORPORATION and its wholly owned subsidiary corporations, Chateau Realty Corporation and Marpoole, Inc. Appeal of Raymond R. WALSH, Trustee in Bankruptcy of the Estate of Time Sales Finance Corporation, Bankrupt, in No. 19239. Appeal of Jerome ROSOFF, in No. 19240.

United States Court of Appeals, Third Circuit.

Decided July 9, 1971.

Attorney(s) appearing for the Case

Sidney Chait, Adelman & Lavine, Philadelphia, Pa., for Raymond R. Walsh.

S. Robert Levant, Philadelphia, Pa., for Jerome Rosoff.

Howard Wallner, Philadelphia, Pa., for appellee.

Before McLAUGHLIN, ALDISERT and GIBBONS, Circuit Judges.

OPINION OF THE COURT

McLAUGHLIN, Circuit Judge.

In this bankruptcy matter, the trustee filed a petition with the referee for authority to sell certain real estate of the bankrupt at private sale, free and clear of liens and encumbrances, to appellant Jerome Rosoff for $90,000. This was subject to a six percent commission to the broker who had obtained the purchaser.

The referee fixed October 13, 1969 as a hearing date and directed that notices of...

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