In re Kenwood Ice Co.
District Court, D. Minnesota
In Bankruptcy. In the matter of bankruptcy proceedings of the Kenwood Ice Company. On petition to set aside adjudication.
1Opinion of the CourtWillard, District Judge
(orally). One of the principal objects of the bankrupt act (Act July 1, 1898, c. 541, 30 Stat. 544 [U. S. Comp. St. 1901, p. 3418]) is to prevent one creditor from obtaining a preference over another creditor. The evidence in this case shows that if this petition in bankruptcy had not been filed A. C. Dodge a creditor of the company would have obtained a preference over the other creditors. It was therefore the plain duty of the company, not being able to pay its debts in full, to go into bankruptcy. The law then in force authorized it to do so, and it owed the duty to the other creditors to…
2Cases cited5 opinions
- In re Jefferson Gasket Co.District Court, N.D. New York · 1910
- In re Bates Mach. Co.District Court, D. Massachusetts · 1899
- Tripp v. Northwestern National BankSupreme Court of Minnesota · 1889
- In re Southern Steel Co.District Court, N.D. Alabama · 1909
- In re Burbank Co.District Court, D. New Hampshire · 1909
3Cited by9 opinions
- City Nat. Bank of Huron, SD v. FullerCourt of Appeals for the Eighth Circuit · 1931
- Richman v. Bank of PerrisCalifornia Court of Appeal · 1929
- In re De Camp Glass Casket Co.Court of Appeals for the Sixth Circuit · 1921
- In re E. T. Russell Co.District Court, D. Massachusetts · 1923
- In Re Joseph Feld & Co.District Court, D. New Jersey · 1941
4 more not listed; retrieve them via the Exa API.