Dinnerstein v. Schafler

Motion to vacate warrant of attachment, the levies made thereunder and the order of publication, is disposed of as follows:

It appears that the third-party defendant assigned as collateral security to the Commercial Bank of North America three policies of life insurance on his life, payable to his wife Jacqueline Mintzer, as beneficiary. These policies had a total cash surrender value of $22,100, and were part of collateral of $59,000 put up by Jack Mintzer, the third-party defendant, and others jointly and severally liable with him on an indebtedness of $50,000. The interest assigned to the…