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45 F.2d 912

Docket No. 19560.

In re Fain

New York Eastern District Court

Decided Dec. 3, 1930.

New York Eastern District Court · decided 1930-12-03

Cited by 2 later decisions — most recently January 1962

2 counsel of record

Good law ✅— No negative treatment on recordhow we know

Decided 1930-12-03

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¶1Chauneey H. Levy, of New York City, for receiver.

¶2Cottin & Joseph, of New York City, for judgment creditor.

¶3BYERS, District Judge.

¶4Ten days prior to the filing of the involuntary petition herein on October 30,1930, an execution had been issued upon a judgment recovered in the Municipal Court of the city of New York, borough of Manhattan, Third ^district, in which Lamour Knitting Co., Inc., was plaintiff! and “Fain-Famous Textiles, Inc.,” was defendant.

¶5Levy was made by a city marshal, prior to the filing of the bankruptcy petition, and this motion was made to compel the judgment creditor and the said marshal to surrender the property levied upon, to the receiver in bankruptcy of this individual alleg-ed bankrupt, upon the theory that his property was levied upon, instead of that of the defendant named in that action.

¶6Such summary disposition of an adverse claim to property, not in the possession or custody of the receiver, and which property is asserted not to have been that of the bankrupt, seems not to be contemplated by the law. A plenary suit by the trustee would afford the only satisfactory and legal method for determining the controversy.

¶7Motion denied. Settle order on two days’ notice.

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