In re Ben L. Berwald Shoe Co.

ATWELL, District Judge.

The bankrupt has 66 unsecured creditors, the aggregate of whose claims is approximately $43,833.-81. The visible assets would have netted probably 20 per cent, to the creditors. The bankrupt is a corporation, with $10,000 *495capital. The trustee claimed that all of the stock was owned and the corporation officered by Berwald and two associates; that they had not paid for the stock; that Berwald had become surety upon certain indebtedness of the corporation which had been paid within the preferential period. These claims, asserted by the trustee, occasioned Berwald some…