Louisiana Nat. Life Assur. Society v. Segen
District Court, E.D. Louisiana
On Application I'oi New Trial.) In Bankruptcy. Petition by the Louisiana National Life Assurance Society and others against Jacob Segen for the adjudication of defendant a bankrupt. Decree adjudicating defendant a bankrupt ordered.
1Opinion of the Court
FOSTER, District Judge.
In this matter it is apparent that, unless defendant’s open accounts, abput $17,500 called good and $9,300 called doubtful, and estimated by him as aggregating in value $16,-332.85, are considered as good assets, the defendant is insolvent, and was so at the date the petition was filed against him. If he was insolvent then, he has undoubtedly committed acts of bankruptcy in confessing judgment and in mortgaging his property.
It appears that the defendant is a peddler of jewelry, and that he sells same on the installment plan, usually to people who have no assets except…
2Cases cited1 opinion
- In re CoddingtonDistrict Court, M.D. Pennsylvania · 1902
3Cited by8 opinions
- Mitchell v. Investment Securities Corp.Court of Appeals for the Fifth Circuit · 1933
- In Re WRT Energy Corp.United States Bankruptcy Court, W.D. Louisiana · 2001
- Irving Trust Co. v. Manufacturers' Trust Co.District Court, S.D. New York · 1934
- WRT Creditors Liquidation Trust v. WRT Bankruptcy Litigation Master File (In re WRT Energy Corp.)United States Bankruptcy Court, W.D. Louisiana · 2001
- Heldman v. Central Trust Co.Court of Appeals for the Seventh Circuit · 1920
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