National Refining Co. v. Pennsylvania Petroleum Co.

GARDNER, Circuit Judge.

This is an appeal from the decree dismissing an involuntary petition in bankruptcy filed by appellants against appellee, Pennsylvania Petroleum Company.

The acts of bankruptcy alleged in the petition are: (1) That while the appellee was insolvent, and within four months next preceding the filing of the petition, a receiver was appointed and put in charge of its property; and (2) that, while insolvent and within foul- months next preceding the filing of the petition, it made preferential payments to certain of its creditors with intent to prefer such creditors over others.