Newton v. Thomas

This is a proceeding in equity to set aside two conveyances as being preferential and in fraud of the creditors of Arthur Cl Fitzpatrick, instituted by the trustee of his bankrupt estate. One of these, a sale of certain personal property to the defendant Ford M. Thomas, made three days before the filing of the petition in bankruptcy, is conceded to have been fraudulent and we need pay no further attention to it. As to the defendant Fitts, these material facts have been found by the Chancellor: — On April 27, 1937, Fitzpatrick executed and delivered a chattel mortgage to the defendant 'William…