U.S. Court of Appeals for the Fourth Circuit, 1970

Ronald L. Walutes, Trustee in Bankruptcy for Alexandria Prestressed, Inc., Bankrupt v. Thorington Construction Company, Inc.

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 · Decided April 9, 1970 · Haynsworth, Per Curiam, Sobeloff, Winter
423 F.2d 1214; 1970 U.S. App. LEXIS 9869 (Federal Reporter, Second Series)

Ronald L. Walutes, Trustee in Bankruptcy for Alexandria Prestressed, Inc., Bankrupt v. Thorington Construction Company, Inc.

Opinion

PER CURIAM:

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.

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