McCune v. First Nat. Trust & Savings Bank of Santa Barbara

HANEY, Circuit Judge.

Appeals have been taken from orders denying a petition to vacate an adjudication in bankruptcy, and granting a petition to intervene.

On May 9, 1938, the First National Trust and Savings Bank of Santa Barbara, hereafter called the national bank, one Hoefer, one Davidson and his wife, filed a petition in the court below praying that Mortgage Securities, Inc., a California corporation, hereafter called the bankrupt, be adjudged bankrupt. The petition alleged the insolvency of the bankrupt, indebtedness of the bankrupt in excess of $1,000, and acts of bankruptcy. No question…