Ciavatta v. Munn Realty Corp.

The complainant filed a bill to have the defendant decreed insolvent. A decree was entered accordingly and a receiver appointed. The property of the defendant consisted of a parcel of land upon which were erected two uncompleted buildings which were subject to mortgages and other liens. The receiver was authorized by order of the court to sell said property subject to the operation of certain mortgage liens of Robert Broadman and Frederick C. Henn, assignees of Florence Sullivan, Franklin Mortgage Title Guaranty Company, and James Sapienza, and, by virtue of section 81 of the Corporation act…