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FRASHER v. ROBINSON

No. 26201.

458 F.2d 492 (1972)

Burton FRASHER and Kay Frasher, Creditor Claimants-Appellants, v. Gilbert ROBINSON, Trustee-Appellee. In the Matter of FRASHER'S INC., a California Corporation, Bankrupt.

United States Court of Appeals, Ninth Circuit.

As Modified on Denial of Rehearing May 5, 1972.

Attorney(s) appearing for the Case

Stanley O. Epstein (argued), Gardena, Cal., for creditor-claimants-appellants.

Richard R. Clements (argued), of Sprague & Clements, Los Angeles, Cal., for trustee-appellee.

Before ELY, HUFSTEDLER and WRIGHT, Circuit Judges.

PER CURIAM:

Burton Frasher and his wife were majority shareholders in Frasher's Inc., a retail stationery and camera business. Frasher was president of the corporation and active in its management; Mrs. Frasher was vice-president and treasurer.

In 1967 the company filed a voluntary petition in bankruptcy. The Frashers were listed as creditors in the amount of $11,947.41 (balance due on an unsecured installment loan). Frasher was listed as a creditor in the...

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