Case Name: Corn Exchange Bank Trust Company, Appellant, v. Island Park-Long Beach, Inc., William L. Austin, Jr., and Leslie J. Ekenberg, as Trustee in Bankruptcy of the Defendant, Island Park-Long Beach, Inc., Respondents
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1937-06-25
Citations: 251 A.D. 857
Docket Number: 
Parties: Corn Exchange Bank Trust Company, Appellant, v. Island Park-Long Beach, Inc., William L. Austin, Jr., and Leslie J. Ekenberg, as Trustee in Bankruptcy of the Defendant, Island Park-Long Beach, Inc., Respondents.
Judges: 
Reporter: Appellate Division Reports
Volume: 251
Pages: 857–857

Head Matter:
Corn Exchange Bank Trust Company, Appellant, v. Island Park-Long Beach, Inc., William L. Austin, Jr., and Leslie J. Ekenberg, as Trustee in Bankruptcy of the Defendant, Island Park-Long Beach, Inc., Respondents.

Opinion:
Order of the County Court of Nassau county, dated October 27, 1936, denying plaintiff's motion to confirm the report of the referee, etc., and denying leave to enter a deficiency judgment, reversed on the law and the facts, with costs, and the motion granted, with ten dollars costs, to the extent of allowing a deficiency judgment to be entered in the sum of $14,650. The findings of fact incorporated in the order are reversed. New findings will be made. This court finds the market value at the time in question to be $857,473.94; thereby producing a deficiency of $85,000, against which there is an offset of $70,350 by way of collateral security; leaving a net deficiency of $14,650. Lazansky, P. J., Carswell, Adel, Taylor and Close, JJ., concur. Settle order on notice.