In re California Lumber Corp.

BYRNE, District Judge.

This case presents the interesting spectacle of a Trustee in Bankruptcy successfully applying the adage “three’s a charm”. By presenting much the same question to the Referee in three separate petitions, the Trustee finally obtained a ruling in his favor.

On February 6, 1959, California Lumber Corporation, debtor, petitioned for an arrangement under Chapter XI of the National Bankruptcy Act. Listed as personal property in its schedule of assets was a general designation of machinery, office furniture, etc. of a value of $9,-000.00 On March 27, 1959, the Referee issued an…