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The document summarizes a bankruptcy case involving Harold Laskin filing for voluntary bankruptcy and listing Industrial Rayon Corporation as an unsecured creditor. Industrial Rayon Corporation subsequently filed a proof of claim asserting it was owed money based on a promissory note signed by Laskin. The referee in bankruptcy initially ruled that Industrial was not a valid creditor, but the district court overturned this, finding that under the Uniform Commercial Code Laskin had become personally liable on

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Scribd Government Docs

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