In Re Carter

AUGUSTUS N. HAND, Circuit Judge.

The bankrupt, for a number of years prior to November, 1924, did business on Leonard street, in New York City, as a cotton goods broker under the trade-name of the George Carter Company. In the autumn of 1924 he became financially embarrassed, and was dispossessed from his promises. Thereafter he organized a corporation on March 12, 1925, known as George Carter Company, Inc., and ho and his brother conducted the business of cotton goods brokers at 350 Broadway, through the latter corporation. He was the president, and subscribed and paid for 65 shares of the…