McHenryv. McVeigh
McHenryv. McVeigh
Opinion of the Court
delivered the opinion of the Court.
The appeal in this case is from an order of the Circuit Court for Allegany County, setting aside a sale made hy the appellant, as trustee in insolvency of William McVeigh. The opinion of the Court clearly indicates what was decided, and all that was decided, and the grounds on which the Court’s ruling was based, and we think it is a sufficient compliance with sec. 13, of Art. 5, of the Code, requiring the Court, in insolvent cases, where there is an appeal, to certify the points decided. Any further statement hy the Court, after appeal taken, would have been superfluous, the points having been sufficiently stated in the Judge’s opinion. The motion to dismiss, therefore, must he overruled.
By the record, it appears ’that William McVeigh, the appellee, filed his petition, in insolvency, on the 16th of February, 1880, accompanied with a schedule of property, and creditors, and a statement that no debts were due him. On same day, appellant was appointed trustee, and petitioner conveyed to him. The trustee gave bond and security, which was approved, and a day was fixed for the creditors to appear ; and an order for notice was passed. On the 18th day of February, 1880, an order was passed, directing the trustee to sell all the property of the peti
The purchaser at the sale, was Win. Eerrens, (a creditor of the insolvent petitioner,) and, on the 28th of July, 1880, he filed his petition, setting forth, that he believes, that at the time of applying for the benefit of the insolvent laws, William McVeigh, “ was desirous of paying his debts,” and that since making the application, he has paid him one hundred and fifty dollars; leaving only a balance of fifteen dollars due him, wherefore, he prays the Court “to refuse to ratify the sale as reported, to the end that William McVeigh, may save to himself his property, together with the costs of the sale, and have further opportunity to settle with his creditors, most of whom have already consented to his withdrawing his application.” No other ground of setting aside the sale is alleged by this caveator.
The insolvent petitioner by his petition, filed the 18th of August, objects to the ratification, on the ground that he was misguided, and misapprehended the nature of the Insolvent Act, when he made his application — that before the sale, he filed a petition, asking the sale to he postponed, to enable him to arrange with his creditors; that all his creditors have consented to his withdrawing his petition; that he understood through his attorney, that the trustee had stated to Judge Peakre, that no sale would take place on the day appointed, to give the petitioner an opportunity to arrange with his creditors ; that the property did not bring one-half of its value.
The Court set aside the sale made and reported, and suspended the further sale of the property, until the insolvent petitioner had gotten the consent of all the creditors to the withdrawal of his application, and the restoration of his property to him, and allowed him one month from the date of the order to procure and file the consent of those whose consent had not been already filed. In so ordering, the Judge says, he would not set aside the sale on the proof of inadequacy of consideration alone, but as in connection therewith, it appeared that the purchaser was asking the sale to be set aside, in order that the applicant might have time to arrange with his creditors, and that it also appeared that most of his creditors had already agreed thereto, that he would set it aside.
We think the Court erred in setting the sale aside. A sufficient case had not been made for this action. The purchaser had signed the memorandum of sale, and was bound for the price he agreed to give for the property. The creditors had none of them complained that the price was inadequate. The petitioner did complain, but he
Reversed and remanded.
Reference
- Full Case Name
- James J. McHenry, Trustee v. William McVeigh, and others
- Cited By
- 1 case
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- Published