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IN RE SUTPHIN AND VAUGHN CONSTRUCTION COMPANY

No. 64-BK-469-R.

304 F.Supp. 1296 (1969)

In the Matter of SUTPHIN AND VAUGHN CONSTRUCTION COMPANY, Inc.

United States District Court W. D. Virginia, Roanoke Division.

September 30, 1969.

Attorney(s) appearing for the Case

John B. Spiers, Jr., Spiers, Spiers & Mink, Radford, Va., for petitioner.

Robert S. Irons, Roanoke, Va., Trustee in Bankruptcy for Sutphin and Vaughn Const. Co., Inc.

OPINION

WIDENER, District Judge.

This case is here on petition for review from the ruling of the Referee in Bankruptcy that a payment of $7,958.06 on a $10,000.00 note held by the Peoples Bank (predecessor of the Bank of New River Valley) was a voidable preference under Section 60 of the Bankruptcy Act, 11 U.S.C. Sec. 96.

Sutphin and Vaughn Construction Company, Inc., filed its voluntary petition in bankruptcy August 18, 1964, under pauper's oath...

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