Ronald L. Walutes, Trustee in Bankruptcy for Alexandria Prestressed, Inc., Bankrupt v. Thorington Construction Company, Inc.
U.S. Court of Appeals for the Fourth Circuit
Ronald L. Walutes, Trustee in Bankruptcy for Alexandria Prestressed, Inc., Bankrupt v. Thorington Construction Company, Inc., 423 F.2d 1214 (4th Cir. 1970)
1970 U.S. App. LEXIS 9869
Ronald L. Walutes, Trustee in Bankruptcy for Alexandria Prestressed, Inc., Bankrupt v. Thorington Construction Company, Inc.
Opinion
The findings of fact of the Referee, concurred in by the District Judge, make it clear that the challenged payments were for a fair consideration and were not made with an intent to hinder or delay other creditors. We accept those findings, as we must, for they are adequately supported by the record, and, with them, the conclusion that the payments were not preferential or recoverable by the Trustee in Bankruptcy.
Affirmed.
Reference
- Full Case Name
- Ronald L. WALUTES, Trustee in Bankruptcy for Alexandria Prestressed, Inc., Bankrupt, Appellant, v. THORINGTON CONSTRUCTION COMPANY, Inc., Appellee
- Status
- Published