Silverman v. Wedge

This is an appeal by the plaintiff, a trustee in bankruptcy, from a final decree dismissing a bill which sought to set aside, under § 70 (e) (1) of the bankruptcy act, 11 U. S. C. (1952) § 110 (e) (1), the sale to the defendant by the bankrupt, a building contractor, of a used dump truck. That statute reads: “A transfer made or suffered or obligation incurred by a debtor adjudged a bankrupt un der this Act which, under any Federal or State law applicable thereto, is fraudulent as against or voidable for any other reason by any creditor of the debtor, having a claim provable under this Act,…