In re Custom-Built Homes, Inc.

STANLEY, Chief Judge.

This matter comes before the Court on petition of J. Boyd Smith, P. S. Dillard and Eva Dunagan for review of an order of the Referee in Bankruptcy, dated January 17, 1963, holding that the Trustee in Bankruptcy is the owner of a land development contract, free and clear of any claim of the petitioners.

The bankrupt, Custom-Built Homes, Inc., engaged in the business of building homes for sale in and near the City of Greensboro, North Carolina, was involuntarily placed in bankruptcy by action instituted on March 20, 1962. It had been in business for approximately two years…