Porch v. Agnew Co.
New Jersey Court of Chancery
On bill for insolvency, &c. On appeal from receiver’s determination on claims, &c. The defendant company has been decreed to be insolvent, and a receiver has been appointed. The claims of creditors have been presented to him, several hearings have been held and a considerable amount of testimony has been taken. The master has reported his adjudication on the creditors’ claims. There are several appeals from the receiver’s determination, which will be separately considered.
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On bill for insolvency, &c. On appeal from receiver’s determination on claims, &c. The defendant company has been decreed to be insolvent, and a receiver has been appointed. The claims of creditors have been presented to him, several hearings have been held and a considerable amount of testimony has been taken. The master has reported his adjudication on the creditors’ claims. There are several appeals from the receiver’s determination, which will be separately considered. Wilmer R. Batt, a creditor, presented two claims to the receiver, one of $6,125 for compensation for the organization and…
1Opinion of the Court
Grey, V. C.
The defendant company was the owner of á large hotel, situate immediately on the ocean front in Atlantic City. ' It was built in 1902, was completely furnished, and was in the conduct of active business at the time of its failure in the latter part of that year., Before it was decreed to be insolvent, the company had made a mortgage upon its property to the amount of $250,000, securing its bonds to that amount, which were issued at successive periods in its short life, in various denominations, largely to pay or secure the company’s debts.
There were also mechanics’ liens for work…
2Cited by9 opinions
- B. Kreisman & Co. v. First Arlington National BankAppellate Court of Illinois · 1980
- Peninsular Stove Co. v. YoungMichigan Supreme Court · 1929
- Winfield Mortgage & Trust Co. v. RobinsonSupreme Court of Kansas · 1913
- LINCOLN FED'L S. & L. ASS'N v. Platt Homes, Inc.New Jersey Superior Court Appellate Division · 1982
- In re McCarthy Portable Elevator Co.District Court, D. New Jersey · 1912
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