In re Green

District Court, E.D. Pennsylvania
In re Green, 106 F. 313 (1901)
1901 U.S. Dist. LEXIS 372
McPhebson

In re Green

Opinion of the Court

J. B. McPHEBSON, District Judge.

From the petition and answer, it appears that on December 5, 1900, the bankrupts confessed *314judgment for the sum of $9,248.70 to Philip Silverman as trustee for all their creditors, and that this judgment was entered of record upon December 7th, and an execution issued thereon; the judgment and execution becoming a lien upon all their property. Objection is made to the adjudication upon the ground that the confession of judgment was not a preference, because it was intended to benefit all the creditors alike, in proportion to the respective amounts of their claims. It-may be true that the confession was not a preference; but under the law of Pennsylvania it clearly amounted to a general assignment for the benefit of creditors, and was therefore an act of bankruptcy.

The adjudication will be entered as" prayed. .

Reference

Full Case Name
In re GREEN
Cited By
1 case
Status
Published