Bridgford Company v. Bridgford

237 F.2d 182 Matter of The BRIDGFORD COMPANY, a corporation, Bankrupt. Paul W. SAMPSELL, Trustee in Bankruptcy for the Estate of The Bridgford Company, a Corporation, Bankrupt, Appellant, v. Hugh H. BRIDGFORD, Appellee. No. 14880. United States Court of Appeals Ninth Circuit. October 3, 1956. Rehearing Denied November 13, 1956. Craig, Weller & Laugharn, Frank C. Weller, Hubert F. Laugharn, C. E. H. McDonnell, Thomas S. Tobin, Los Angeles, Cal., Gallagher & Gallagher, Ontario, Or., for appellant. Kyle Z. Grainger, Los Angeles, Cal., Oakes & Horton, McNulty & Squier, San Diego, Cal., for appellee. Before HEALY and FEE, Circuit Judges, and SOLOMON, District Judge. SOLOMON, District Judge. On April 25, 1947, the Bridgford Company, hereafter called debtor, of which appellee Bridgford was president, a director, and principal stockholder, filed a voluntary petition for an arrangement under Chapter XI of the National Bankruptcy Act, 52 Stat. 905 , 906, 11 U.S. C.A. § 701 et seq. The plan of arrangement, which provided for the debtor remaining in possession of its assets, was confirmed by the referee, who on November 6, 1947, appointed R. H. Hadley as general manager…