MOSCOWITZ, District Judge.
This is an application to confirm the report of the Referee.
Prior to March 21, 1939, Gittel Cotliar, Rose Ravdiman and Sam Lipitz were stockholders of the bankrupt corporation. Cotliar and Ravdiman each owned 25 shares of stock and Lipitz owned 50 shares of stock. On March 21, 1939, Lipitz paid Cotliar and Ravdiman the sum of $6,100 for their shares of stock. Terms were, $3,100 in cash and balance of $3,000 was in form of a chattel...
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