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AVALLONE v. GROSS

No. 18, Docket 27471.

309 F.2d 60 (1962)

Mario AVALLONE, Objecting Creditor-Appellant, v. Edward G. GROSS, Bankrupt-Appellee.

United States Court of Appeals Second Circuit.

Decided October 30, 1962.

Attorney(s) appearing for the Case

Alexander H. Rockmore, New York City, for appellant.

Lawrence Lauer, New York City (Edward R. Garber, New York City, on the brief), for appellee.

Before CLARK, MOORE and SMITH, Circuit Judges.

J. JOSEPH SMITH, Circuit Judge.

Gross, the bankrupt herein, was half owner of a wholesale automotive parts business incorporated under the name of Coretti-Gross, Incorporated, doing a business of some $1,800,000 yearly. In September 1959 he borrowed substantial sums of money and bought out his co-owner for $100,000, changing the corporate name to Edward G. Gross Corporation, which went into bankruptcy in May 1960, its working capital having apparently been impaired...

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