Heil Co. v. Kelley

SPARKS, Circuit Judge.

The questions presented by this appeal are: (1) Did the execution and recording of the mortgage in controversy constitute an act of bankruptcy on the part of the debtor; arid (2), if so, was that act of bankruptcy committed under such circumstances that the property thereby transferred will be considered- as part of the assets of bankrupt’s estate and pass to the trustee for the benefit of bankrupt’s general creditors?

“Acts of bankruptcy by a person shall consist of his having * * (2) transferred, while insolvent, any portion of his prop-' erty to one or more of his…