In re Meadows
Court of Appeals for the Second Circuit
Petitions to Revise Order of the District Court of the United States for the Western District of New York. In the matter of Harold G. Meadows and another, as individuals and members of the firm of Meadows, Williams & Co.; bankrupts.
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Petitions to Revise Order of the District Court of the United States for the Western District of New York. In the matter of Harold G. Meadows and another, as individuals and members of the firm of Meadows, Williams & Co.; bankrupts. On petitions by William H. Hotchkiss, referee, and Edward E. Walsh, trustee, to review an order which sustained excéptions by a creditor to the trustee’s final report and disallowed commissions to the trustee and referee, except so far as they were based upon moneys disbursed and realized from available assets, exclusive of the amount • due to pledgees upon their…
1Opinion of the Court
COXE, Circuit Judge.
On August 25, 1908, the bankrupts, who had been doing business as stock and bond brokers at Buffalo, N. Y., were, on their own petition, adjudged bankrupts. It is unnecessary to enter upon a discussion of the facts or to state them in detail as there is practically no dispute regarding them.
The question is one of law and may be epitomized as follows: Where a bankrupt has borrowed money from a bank and has pledged negotiable stock and bonds for its repayment, having a market value about equal to the amount of the loan, and the pledged property is sold in bankruptcy,…
2Cited by7 opinions
- In Re PrindibleCourt of Appeals for the Third Circuit · 1940
- In Re SMS, Inc.United States Bankruptcy Court, D. Kansas · 1981
- Kinkead v. J. Bacon & SonsCourt of Appeals for the Sixth Circuit · 1916
- In the Matter of George J. Schautz, BankruptCourt of Appeals for the Second Circuit · 1968
- In re BowenDistrict Court, E.D. Pennsylvania · 1942
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