Libman-Spanjer Corp. v. Royal Hall, Inc.

Plaintiffs, general creditors of Royal Hall, Inc., bring this action to set aside an alleged fraudulent transfer of funds belonging to the debtor, to the extent necessary to satisfy their claims. The defendant Perlmutter, the assignee of a judgment creditor of Royal Hall, Inc., who was directed to be brought in as a party to the action by an order of the court, asserts a counterclaim by which she likewise seeks to have the transfer set aside. She prays that a receiver be appointed for the property of the debtor corporation, and “ that the proceeds of all such property be justly and fairly…