Lucas v. Cole
Opinion of the Court
It was held in Wallace v. Blanchard, 3 N. H. 395, that the proceeding against the principal debtor and
The principle of that ease seems to be conclusive of the question raised in this. The interest of the principal defendant is with the plaintiftj since whatever the trustee is charged with becomes a fund to extinguish his indebtedness. In short, the suit against the trustee is for the benefit of the defendant in effect, so that he has an interest that the trustee shall be charged for the largest possible amount.
The law does not presume collusion to be practiced between the debtor and trustee for the purpose of concealing the property of the debtor, but will on the contrary presume that whatever goes to a man’s just creditors, will be considered by him as going to his own benefit.
The ruling of the court was therefore erroneous, and the verdict must be set aside and a
New trial granted.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.