In re Knox
District Court, N.D. New York
In Bankruptcy. Upon the petition of the trustee, the referee, af( er full hearing, expunged the claims of three creditors. Upon the request of these creditors, ¡he referee has certified the questions involved to the court for review.
1Opinion of the Court
OOXE, District Judge.
Robert. J. Knox, the husband of the bankrupt, became embarrassed in business in the summer of 1807. There was a levy upon his property and a sale was threatened. In these circumstances the creditors signed a composition agreeing to accept 25 per centum of their claims. The creditors whose proofs have been expunged, were parties to this agreement, but they consented to sign only after they had negotiated a secret convention with Knox that their claims should be paid in full. Thereafter the property of Knox was sold at public auction to his wife who managed'the business…
2Cases cited1 opinion
- Van Amringe v. PeabodyU.S. Circuit Court for the District of Massachusetts · 1818
3Cited by1 opinion
- United States v. FoscatoCourt of Customs and Patent Appeals · 1915