Rosebud Shops, Inc. v. Kipnis

The landlord claims in its petition that the tenant has defaulted in the payment of rent of $708.33 for each month for the months of December, 1930, January, 1931, and February, 1931.

After the institution of the summary proceedings, there was paid to the landlord $1,026.77.

On December 31,1930, a petition in bankruptcy was filed against the tenant in the United States District Court for the Eastern District of New York, and the tenant was duly adjudicated a *862bankrupt. In that bankruptcy proceeding, a composition of twenty-two and one-half per cent was offered and such offer was duly confirmed…