Seemann v. National Bank of Commerce of Houston

McCORD, Circuit Judge.

Ladin’s Company, a Delaware corporation, owned and operated two clothing stores in Houston, one in New Orleans, and one in San Antonio. On June 24, 1932, an involuntary petition in bankruptcy was filed against the company in the District Court of the United States for the Eastern District of Louisiana. A receiver and ancillary receivers were appointed and on July 20, 1932, Ladin’s Company was adjudicated a bankrupt. On August 4, 1932, at a creditors’ meeting, John A. Wenger was appointed, confirmed, and qualified as trustee of the bankrupt estate. Wenger served as…