Heuer v. Schaffner

December 2, 1887, these insolvents executed judgment notes to several of their creditors, among whom were the appellants, under an arrangement between the insolvents and the creditors that judgments should be forthwith entered, executions issued, and all but one levied upon the goods of the insolvents, that one returned nulla bona, and upon that a bill in chancery should be filed and a receiver appointed, to whom the possession of the goods should be surrendered by the sheriff, and that the receiver should continue the business so as to get the utmost out of the property for the benefit of…