In re Moyer
In re Moyer
Opinion of the Court
The question for decision arises upon the following facts:
Certain judgment creditors of the bankrupt bad issued execution in a state court against bis personal property witbin two months before the petition was filed in this court by other creditors. The bankrupt resisted the petition, but an adjudication was finally entered. (D. C.) 93 Fed. 188. While this controversy was pending, the judgment creditors and the petitioning creditors agreed, “for the purpose of avoiding further litigation,” that the sheriff might sell the property, “the costs of the sale to he paid and.allowed immediately after the sale, and deducted from the proceeds realized, and the sheriff to impound the proceeds realized after deduction and payment of costs and collection fees, until further order of court.” After the adjudication — which, in effect, determined that the bankrupt act prevented the executions from obtaining a preference — tbe sheriff paid the balance in bis bands to tbe trustee, and this is the fund now being distributed.
The judgment creditors appeared before the referee and proved their debts, asserting no preference, but claiming as unsecured cred
The referee is instructed that the judgment creditors may share in the distribution.
Reference
- Full Case Name
- In re MOYER
- Status
- Published