In re the Assignment of Orsor
New York Court of Common Pleas
Application to confirm the report of a referee upon the final accounting of an assignee under a general assignment for the benefit of creditors. The accounting was ordered upon petition of Whitlock & Anderson, creditors of the assignor. The facts are stated in the opinion.
1Opinion of the CourtJ. F. Daly, J.
A majority of the assignor’s creditors (if not all excepting these petitioners), agreed to a composition of thirty cents on the dollar payable in notes of the assignor indorsed by the assignee, and consented to the assignee continuing the insolvent’s business for the purpose of providing for the notes. Petitioners did not agree to this arrangement, and called the assignee to account for his dealings with the trust. The value of the goods and fixtures that came to his possession, and the debts collected by him amounted altogether to $910.44. He took this stock, added new purchases of his own…
2Cited by2 opinions
- In re the Final Accounting of HymanNew York Court of Common Pleas · 1888
- In re the General Assignment of StowellNew York Supreme Court · 1887