Melton v. Pacific Southern Mortgage Trust

Quillian, Presiding Judge.

Plaintiff Melton contracted with National Community Builders, Inc. (NCB), a California corporation, to furnish labor and materials to improve two apartment projects in Fulton County, Georgia, owned by NCB. On or about February 12,1974, NCB ceased work on the apartment projects. At that time plaintiff filed materialmen’s liens on those properties. On March 1, 1974, NCB transferred those same properties to U. S. Guaranty Capitol Corporation, another California corporation. U. S. Guaranty filed a Chapter XI bankruptcy proceeding on August 2, 1974, in the U. S. District…