Barceloux

Barceloux v. Buffum

Caution
51 F.2d 82·1931 U.S. App. LEXIS 2872
United States Court of Appeals for the Ninth CircuitMay 25, 1931No. 6327California2,164 words

Opinion

Lead Opinion

Wilbur, J.

Appellant petitioned for leave to intervene in a suit brought by respondent Buffum, as trustee in bankruptcy, against Peter Baree-loux Company, a corporation, and George R. Freeman, as administrator of the estate of Frank Freeman, deceased. Her petition was denied, and she has appealed from the order dismissing her petition for leave to intervene.

The action was brought by the trustee in bankruptcy to set aside an alleged fraudulent conveyance by the bankrupt to Peter Baree-loux Company, purporting to have been given to secure an indebtedness due from the bankrupt to that company. The property so transferred consisted of 2,499 shares of the capital stock of the company, alleged to be worth $80,000, and shares of stock in certain other corporations, alleged to be worth $2,100. The trustee alleged that this property so fraudulently assigned was subsequently sold by the defendant corporation to George A. Baree-loux, a brother of the bankrupt, for the sum of $36,341, and that such sale was part of a scheme tq defraud creditors. The trustee alleged that the same stock in the respondent corporation had also been pledged to respondent George R. Freeman, administrator. He also alleged…

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