Brooks v. Gibson
Brooks v. Gibson
Opinion of the Court
delivered tbe opinion of the court:
The decree of the chancellor in this case must he affirmed. The original bill was filed for a settlement of the partnership account between George Brooks and I. Y.
The final account taken in the case finds a large balance in favor of Brooks. In regard to the indebtedness thus ascertained there is not now any serious controversy. The main question controverted upon this appeal arises upon a supplemental attachment bill filed by Brooks October 15, 1860, which assails certain conveyances of real property made by Gibson, by which said property was settled upon his wife and her children. This settlement was made by Gibson after the creation of the debt to Brooks, and it is admitted that they were voluntary. The settlement being voluntary, under the circumstances is presumed to have been fraudulent, and the presumption must stand until rebutted by proof that the donor had at the time ample assets to discharge his debts. This proof we hold the defendants have failed to adduce.
The date of the conveyance by Greenlaw, from whom Gibson bought the real estate, is the date of the settlement upon the wife of Gibson, to wdiom Greenlaw made the deed. At that time, we think, it is clear that Gibson was insolvent. He admits in his answer an indebtedness then of about $3,000, which, with Brooks debt of $5,000, made $8,000, besides divers other debts afterwards paid by Con-nell, who, in 1859, bought the mill at- eight or nine thousand dollars. The debts due from Connell to Gibson, on account of the purchase of the mill, constitute the chief item of assets claimed by Gibson, but it is shown by Con-nell that nearly the entire price of the mill property was absorbed in the payment of Gibson’s debts by Connell. The records in other causes in which these conveyances were held to be fraudulent and void are exhibited in evidence. From these decrees there was no appeal, but they prove nothing in this case, as this complainant was not a
We hold tire merits of this controversy to* be clearly with the complainant, and could not reverse the decree upon these grounds, even if there were nothing else in the case. But all the material interests of these minors were represented and defended by the answer of their ancestors — the mother and father — and a guardian ad litem had accepted the trust, and was actively looking after their interests throughout the proceeding. The formal answer of a guard
In any aspect of the cause we are satisfied with the result, and affirm the decree.
Reference
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- BROOKS v. GIBSON
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