Kipp v. Fidelity Title & Mortgage Guaranty Co.

Pee Cueiam.

This is an appeal from a decree of the court of chancery directing the sale of the assets of the defendant Fidelity Title and Mortgage Guaranty Company, which had previously been adjudged insolvent and which was being administered by trustees appointed by the court of chancery.

The factual situation is set out at length in the opinion of Vice-Chancellor Bigelow in the court below, reported at 116 N. J. Eq. 409, and it is not necessary to restate it at length here. It appears that a plan of liquidation was agreed upon by the holders of approximately eighty-seven per cent, in amount…