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IN RE PETOSKY ASPHALT PAVING COMPANY

No. 63-2609-H.

248 F.Supp. 794 (1965)

In the Matter of PETOSKY ASPHALT PAVING COMPANY, Bankrupt.

United States District Court E. D. Michigan, S. D.

December 28, 1965.

Attorney(s) appearing for the Case

Honigman, Miller, Schwartz & Cohn, Norman Hyman, Detroit, Mich., for trustee.

Gottlieb & Silitch, George Silitch, Detroit, Mich. for Thos. L. Petosky, petitioner.

Lawrence Gubow, U. S. Atty., Cross, Wrock, Miller, Vieson & Kelley, Detroit, Mich. for creditors' committee.

Dickinson, Wright, McKean & Cudlip, Detroit, Mich., for Allied Chemical Corp.

KAESS, District Judge.

On September 30, 1963, Petosky Asphalt Paving Company petitioned for an arrangement under Chapter XI of the Bankruptcy Act,1 and on January 6, 1964, consented to be adjudged a bankrupt. In its Statement of Affairs, filed on January 14, 1964, bankrupt stated, in item 11a, that the bankrupt had "transferred Cash to Thomas L. Petosky to protect against garnishments commencing in March 1963. All except $31,536.45 returned...

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