Walker v. Irving Trust Co.

The alleged bankrupts were stockbrokers with a principal office in New York City and a branch office in London, England. An involuntary petition in bankruptcy was filed against them on April 24, 1931, and the Irving Trust Company was appointed receiver. Bankruptcy did not follow in England, but the receiver in New York appointed an agent, on May 1, 1931, as a representative in the United Kingdom. This appointment did not carry the powers of a receiver in-bankruptcy; however, it was sufficient for collection purposes in England for, on May 7,1931, a representative acting for the receiver…