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IN RE FRANCILLI CARRIERS, INC.

77 N.J. Super. 522 (1962)

187 A.2d 45

IN THE MATTER OF THE ASSIGNMENT FOR THE BENEFIT OF CREDITORS OF FRANCILLI CARRIERS, INC., A NEW JERSEY CORPORATION, ASSIGNOR, TO H. KERMIT GREEN, ASSIGNEE.

Superior Court of New Jersey, Chancery Division.

Decided October 26, 1962.

Attorney(s) appearing for the Case

Mr. H. Kermit Green, assignee.

Mr. Allan L. Tumarkin, attorney for assignee.

Mr. David M. Satz, Jr., U.S. Atty. (Mr. Vincent J. Commisa, Asst. U.S. Atty., appearing), for United States.

Mr. Harry Schaffer and Mr. Benjamin Tannenbaum, attorneys for assignor.

PASHMAN, J.S.C. (orally).

This is an application by the assignee of Francilli Carriers, Inc. for commissions and allowances and a petition by the assignee's and assignor's respective attorneys for compensation. The main area of dispute between the parties, that is the assignee, the attorney for the assignor and the United States Government as the top priority creditor, is over the meaning to be attributed to the phrase, "All sums received by the said assignee," as...

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