Ronald L. Walutes, Trustee in Bankruptcy for Alexandria Prestressed, Inc., Bankrupt v. Thorington Construction Company, Inc.

Fourth Circuit

Ronald L. Walutes, Trustee in Bankruptcy for Alexandria Prestressed, Inc., Bankrupt v. Thorington Construction Company, Inc.

423 F.2d 1214, 1970 U.S. App. LEXIS 9869

Court of Appeals for the Fourth Circuit·Decided April 9, 1970·No. 13732·Published

Opinion

PER CURIAM:

The findings of fact of the Referee, concurred in by the District Judge, make it clear that the challenged payments were for a fair consideration and were not made with an intent to hinder or delay other creditors. We accept those findings, as we must, for they are adequately supported by the record, and, with them, the conclusion that the payments were not preferential or recoverable by the Trustee in Bankruptcy.

Affirmed.

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PER CURIAM:

The findings of fact of the Referee, concurred in by the District Judge, make it clear that the challenged payments were for a fair consideration and were not made with an intent to hinder or delay other creditors. We accept those findings, as we must, for they are adequately supported by the record, and, with them, the conclusion that the payments were not preferential or recoverable by the Trustee in Bankruptcy.

Affirmed.

Ronald L. Walutes, Trustee in Bankruptcy for Alexandria Prestressed, Inc., Bankrupt v. Thorington Construction Company, Inc., 423 F.2d 1214, 1970 U.S. App. LEXIS 9869 (4th Cir. 1970).

Pincite

423 F.2d 1214 (Ronald L. Walutes, Trustee in Bankruptcy for Alexandria Prestressed, Inc., Bankrupt v. Thorington Construction Company, Inc.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.