In re the Estate of Friedlander

Foley, S.

This is a contested accounting proceeding. The principal question is whether the claimant, Lena Wershaw, is entitled to priority as a secured creditor or has merely the status of a general creditor of the estate. The assets of the estate are insufficient to pay all claims in full. Mrs. Wershaw has asserted a right to a preference over all other creditors on the theory that she acquired an equitable lien upon the shares of stock of Louis Friedlander, Inc., which constitute the principal asset of the estate.

Cl) The surrogate holds that the claimant has neither an equitable lien nor a…