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IN RE HOLLY KNITWEAR v. SOLOMON

115 N.J. Super. 564 (1971)

280 A.2d 504

IN THE MATTER OF THE GENERAL ASSIGNMENT FOR THE BENEFIT OF CREDITORS OF HOLLY KNITWEAR, INC., A NEW JERSEY CORPORATION, ASSIGNOR, v. ROBERT S. SOLOMON, ASSIGNEE.

Superior Court of New Jersey, Essex County Court, Probate Division.

Decided July 27, 1971.

Attorney(s) appearing for the Case

Mr. Robert S. Solomon appeared for the assignee (Messrs. Kirsten, Solomon and Friedman, attorneys).

Mr. Arnold Samuels appeared for the claimant, Jonathan Logan (Messrs. Hein, Smith, Mooney & Berezin, attorneys).

Mr. Jerome S. Lieb appeared for the claimant Feldwin Realty Co. (Messrs. Lieb, Teich and Berein, attorneys).

Mr. Richard W. Hill, Assistant United States Attorney for the United States of America.

Mr. Philip Kagan appeared for claimant State of New Jersey.

Mr. Sidney Reitman appeared for wage claimants (Messrs. Kapelsohn, Lerner, Leuchter, Reitman and Masiel, attorneys).

Mr. David I. Fox appeared for claimant Northern Financial Corp. (Messrs. Fox and Fox, attorneys).

Mr. Neil A. Kleinberg appeared for claimant Textile Financial Corp. (Messrs Kleinberg, Moroney, Masterson & Schachter, attorneys).

JOHNSON, J.C.C. (temporarily assigned).

On December 16, 1970 the assignor corporation Holly Knitwear, Inc., which was engaged in the manufacture of knitted fabrics, effected an assignment for the benefit of creditors. Shortly thereafter, on January 15, 1971, a public auction sale of the assets of the assignor corporation was held, which sale was confirmed by order of the County Court on February 8, 1971. The amount realized pursuant to said sale, $73,395, was inclusive...

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