In re Paper Corp. of America

BICKS, District Judge.

I. Lawrence Lesavoy, the alleged sole stockholder of the bankrupt who claims to be an unsecured creditor and the owner of the beneficial interest in a first mortgage on the bankrupt’s property, and three companies, allegedly unsecured creditors, controlled by Lesavoy, bring this petition to review an order made by Hon. Irwin Kurtz, Referee in Bankruptcy of this Court, authorizing the trusteees in bankruptcy to accept the offer of Charmin Paper Mills, Inc. to purchase for $600,000 in cash, free and clear of all liens and encumbrances, all the trustees’ right, title and…