In the Matter of Harry Zidoff, Bankrupt. Harry Zidoff v. Shaw Brothers

DUFFY, Circuit Judge.

Harry Zidoff filed a voluntary petition in bankruptcy on March 27, 1961. He gave his occupation as unemployed salesman. He listed thirty-one unsecured creditors of which twenty-eight were for “loan of money.” Included in the latter classification were Shaw Bros. Co., Inc., for $350, and Mr. Ediden, c/o Peoples Currency Exchange, Inc., Evanston, Illinois, for $500.

Nine articles of furniture, including a TY set and a record player, were listed and claimed exempt. The same was true as to a few items of clothing. Bankrupt suggested the value of the furniture was $140, and the…