In Re Vaughn

MEMORANDUM AND ORDER

FRANK GRAY, Jr., District Judge.

The matter before the court arises out of an order of the Referee in Bankruptcy denying a petition of disclaimer of the proceeds of a sale of certain motor vehicles in the bankrupt’s possession when the petition in bankruptcy was filed. The petition of disclaimer was filed by First American National Bank of Nashville (hereafter First American), a creditor of the bankrupt, which now seeks judicial review of this order pursuant to § 39 of the Bankruptcy Act, 11 U.S.C. § 67.

The relevant facts, as stipulated by the parties and heretofore adopted…