Legal Opinion
In re L & M Realty Corp.
District Court, E.D. Virginia
Decided May 5, 1955No. 16727PublishedCited by 4 opinions
1Opinion of the Court
HOFFMAN, District Judge.
On a review of the Referee’s findings and conclusions in the above matter, the facts are not in dispute. The alleged bankrupt corporation was a “close” corporation comprised of two stockholders who were its officers and directors, Dr. Louis S. Leo and Dr. Edward Myers. During the five year period prior to the filing of the involuntary petition herein, Leo and Myers advanced to the corporation the approximate sums of $17,000 and $18,000 respectively. It is admitted that these advances are genuine and not tainted with fraud as is so frequently the case in bankruptcy…
2Cases cited5 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- Swarts v. Fourth National BankCourt of Appeals for the Eighth Circuit · 1902
- Livingstone v. HeinemanCourt of Appeals for the Sixth Circuit · 1903
- In re Star Spring Bed Co.District Court, D. New Jersey · 1919
- Doyle v. Milwaukee Nat. Bank of WisconsinCourt of Appeals for the Seventh Circuit · 1902
3Cited by4 opinions
- L & M Realty Corporation, Alleged Bankrupt v. Rena C. Leo, of the Estate of Dr. Louis S. Leo, Deceased, Petitioning CreditorCourt of Appeals for the Fourth Circuit · 1957
- Rena C. Leo, of the Estate of Dr. Louis S. Leo, Deceased, Petitioning Creditor v. L & M Realty Corporation, a Virginia Corporation, Alleged BankruptCourt of Appeals for the Fourth Circuit · 1955
- In re L & M Realty Corp.District Court, E.D. Virginia · 1957
- Rena C. Leo, of the Estate of Dr. Louis S. Leo, Deceased, Petitioning Creditor v. L & M Realty Corporation, a Virginia Corporation, Alleged BankruptCourt of Appeals for the Fourth Circuit · 1955