1/21/39 fighting bankruptcy

dfleishhacker Member Photo

Clipped by dfleishhacker

1/21/39 fighting bankruptcy
 - were 2.65 2.85 2.15 2.65 4.75 4.05 3.35 3 2.50...
were 2.65 2.85 2.15 2.65 4.75 4.05 3.35 3 2.50 2.10 2.50 2.65 3.90 2.85 cars 13 or 8 Pitts- Banker Battles for Remnants of Fortune Herbert Fleishhacker Wins Injunction to Prohibit Sale of Securities (By Associated Press) SAN FRANCISCO, Jan. 20. Herbert Fleishhacker, once a leading leading San Francisco banker, fought today to keep control of the remains remains of his fortune. He won a permanent injunction in bankruptcy court prohibiting creditors from selling millions of dollars worth of his securities which they held and protested appoint ment of a receiver for his estate. Attorney Ernest J. Torregano objected objected to appointment of Sterling Carr, former United1 States attorney attorney here, as receiver. His protest was based on technical grounds, but was intended to give the banker an opportunity to keep control of his remaining wealth either directly or through a committee or special corporation. corporation. Bankruptcy Referee Burton J. Wyman allowed Torregano until next Tuesday to present more detailed detailed objections in writing and suggest an alternative. Meanwhile Carr was kept from assuming the duties of receiver. The court made permanent an in junction granted shortly after Fleishhacker filed a petition under the Federal bankruptcy act for an extension of time to meet $3,831,000 in debts, claiming potential assets of $4,928,000. The order restrains 17 corporations and people from whom Fleischhacker borrowed1 money from selling the securities he put up as collateral for the loans. Harry Young of Fleishhacker's counsel estimated worth of the securities securities at "several million dollars." A lengthy hearing to determine the banker's assets will be continued continued Feb. 2.

Clipped from The San Bernardino County Sun21 Jan 1939, SatPage 17

The San Bernardino County Sun (San Bernardino, California)21 Jan 1939, SatPage 17
dfleishhacker Member Photo

Want to comment on this Clipping? Sign up for a free account, or sign in