In re Richards

LOWELL, District Judge.

Receivers were appointed on an involuntary petition, and for some time carried on the business of the bankrupt with skill and success. They have been allowed by the referee compensation based upon the theory that the aggregate-compensation of receivers and trustees is in no case to exceed the maximum- allowed the trustee under section 48, Act July 1, 1898, c. 541, 30 Stat. 557 [U. S. Comp. St. 1901, p. 3439]. The reasoning in support of the theory is this: The duties of the trustee may require him to carry on the bankrupt’s business, as well as ’ to distribute the…