Supreme Court of Connecticut July 12, 1935 (Stolman v. Boston Furniture Co.)

Foster, J.

An involuntary petition in bankruptcy was filed against Frank J. Resnikoff, to whom reference is hereinafter made as Resnikoff, who was engaged in the furniture business. A settlement of his debts was effected with his creditors by a composition of 22% per cent., of which 15 per cent, was payable in cash and 7% per cent, in notes.