Doty v. Atkinson

MEMORANDUM OPINION

CLAYTON, Chief Judge.

This began as an action by the trustee in bankruptcy to recover claimed preferences in the amount of $50,000 allegedly given to defendant by the bankrupt through endorsement or assignment of certain fire insurance policies on the bankrupt’s property. Defendant’s answer denied the claimed preferences, and at trial to the court, concessions and stipulations eliminated all issues except with respect to the assignment to defendant of an interest in the proceeds of the fire insurance policies of a value of $20,000. A summary of the undisputed facts will be…