Preston v. Spaulding

The bill of complaint in this case was framed upon the theory, that the debtors having preferred certain of their creditors by confession of judgments, and the same day having made their general assignment for the benefit of creditors, under a statute prohibiting preferences, and the trustee under the assignment having refused to do so, the complainant, who was a creditor and a beneficiary, had the right to resort to a court of equity, and there attack the illegal preferences, and procure them to be set aside as void, because the giving of the judgment notes, and the making of the deed of…