Harder v. Clark

It is not every transfer of property, during the four months’ period ' preceding adjudication in bankruptcy, which can be claimed as a preference by the bankrupt of the creditor who is the recipient of the transfer. Tt is necessary, in order to constitute a preference, that it be shown that the bankrupt was insolvent at the time of the *585transfer, i. e., at the date of the transfer; and the insolvency is determined, pursuant to the statute, whenever the aggregate of his property, exclusive of any property which he has conveyed, transferred, concealed, removed, or permitted to be concealed or…