George Papuchis v. Honorable John A. Bresnahan, Referee in Bankruptcy

393 F.2d 359, 129 U.S. App. D.C. 250, 1968 U.S. App. LEXIS 7901

Opinion

PER CURIAM:

Appellants, creditors and stockholders of the J & P Distributors, Inc., contend that the Referee in Bankruptcy and the District Court incorrectly denied their motion to intervene in opposition to the bankruptcy proceedings against the above-named corporation. We think appellants have no right to intervene as creditors opposing the petition in bankruptcy. See In re Carden, 118 F.2d 677, 679 (2d Cir.), cert. denied McClave & Co. v. Carden, 314 U.S. 647, 62 S.Ct. 91, 86 L.Ed. 519 (1941). They might have a right to intervene as stockholders if there were substantial grounds .to believe that the J & P Corporation would not adequately contest the bankrupcty proceedings. See Klein v. Nu-Way Shoe Co., 136 F.2d 986, 989 (2d Cir. 1943). But since appellants’ motion to intervene made no such allegation against the corporation, we do not face that issue. Accordingly, we affirm.