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IN RE LIEB BROS., INC.

No. B539-55.

150 F.Supp. 68 (1957)

In the Matter of LIEB BROS., Inc., a New Jersey corporation, Debtor.

United States District Court D. New Jersey.

March 29, 1957.

Attorney(s) appearing for the Case

Edward R. McGlynn, Newark, N. J., for Borwac Realty Co.

Chester A. Weidenburner, U. S. Atty., by Jerome D. Schwitzer, Asst. U. S. Atty., Newark, N. J., for United States.

Sanford Silverman, Newark, N. J., for trustee.

Vincent P. Torppey, Newark, N. J., for City of Newark.

MEANEY, District Judge.

This matter comes before the court by way of an appeal from the findings of the Referee in Bankruptcy made as a result of hearings held before him after the filing of a petition for an arrangement under Chapter XI of the Bankruptcy Act, 11 U.S.C.A. § 701 et seq.

The debtor, Lieb Bros. Inc., owned a piece of property in Newark, N. J., which was sold by order of the Referee. The sum of $125,000 was realized at the sale and there...

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