Phila. Dairy, C., Inc. v. Summit, C., Inc.
New Jersey Court of Chancery
1Opinion of the Court
The matter sub judice is the distribution of the estate of the defendant-insolvent corporation in possession of the receiver herein and a determination of priority and preference of claimants.
The receivership estate is insufficient to pay expenses of the administration of the receivership and all allowed claims in full; therefore, the expenses of the administration of the receivership must first be paid, next in order will be claims of employes of the defendant for wages due to them for work performed and services rendered within two months next preceding the filing of the bill of complaint…
2Cases cited3 opinions
- Spark v. La Reine Hotel Corp.New Jersey Court of Chancery · 1933
- Albert Kernahan v. Franklin ArmsSupreme Court of New Jersey · 1931
- Walser v. Northern Valley Building Corp.Supreme Court of New Jersey · 1931
3Cited by8 opinions
- Bea v. Turner Co.New Jersey Court of Chancery · 1934
- Bowes v. United StatesNew Jersey Court of Chancery · 1940
- Decorative Util. C. v. NationalNew Jersey Superior Court Appellate Division · 1938
- Geran v. N.J. Sand and Gravel Co.New Jersey Court of Chancery · 1933
- Supreme Fuel v. Peerless PlushNew Jersey Court of Chancery · 1934
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