In re Tailortowne, Inc.

Referee Lipkin found that the United States had paid over to the predecessors of appellant the sum of $15,879.38 as part of the whole endeavor of the creditors and the bankrupt clothing manufacturer to reopen and operate the^business of the debtor. That money was for payment of coats delivered to the Government by the manufacturer prior to bankruptcy in part performance of a coat contract with the Government. The testimony was that such payment would not have been authorized if the plant was not going to be reopened because the Government knew it would cost more than the original contract…