In re Seldon

GALSTON, District Judge.

These are cross-motions which relate to an order of the referee holding that the trustee in bankruptcy is entitled to recover the sum of $2,063.69 paid to the Equitable Life Assurance Society and the Metropolital Life Insurance Company, to increase the cash surrender values of policies issued by those companies on the life of the bankrupt. The order recites that those payments were made in fraud of, and with intent to hinder, delay and defraud creditors. The facts may be briefly stated:

On April 30, 1929, the Morris Plan Company of New York obtained a judgment against…