Heacock v. Durand

This was a bill in chancery, brought by the appellees against the appellants, for the purpose of setting aside, as fraudulent, a voluntary assignment made by the appellants, for the benefit of their creditors, some of whom were preferred. The court below held the assignment fraudulent, and made a decree sot-ting it aside and appointing a receiver. The assignment contained a clause authorizing the assignee “ first to pay and disburse all the just and reasonable costs, charges and expenses and commissions attending the due execution of these presents, and the carrying into effect the trusts…