Muskegon Valley Furniture Co. v. Phillips & Bros.
Supreme Court of Alabama
Bill in Equity to Set Aside an Alleged Fraudulent Conveyance . Appbal from the Chancery Court of Jefferson. The bill in this case was filed by the appellants as creditors of I. Phillips & Bro., and sought to have set aside as fraudulent and void a conveyance of their property to one Joseph Biederman. The facts of the case are sufficiently stated in the opinion.
Read the full summary
Bill in Equity to Set Aside an Alleged Fraudulent Conveyance . Appbal from the Chancery Court of Jefferson. The bill in this case was filed by the appellants as creditors of I. Phillips & Bro., and sought to have set aside as fraudulent and void a conveyance of their property to one Joseph Biederman. The facts of the case are sufficiently stated in the opinion. Upon the submission of the cause on the pleadings and proof, the chancellor decreed that the complainants were not entitled to the relief prayed for, and ordered the bill dismissed. From this decree the present appeal is taken, and the…
1Opinion of the CourtHead, J.
On January 14, 1892, I. Phillips & Bro., a partnership composed of I. Phillips and A. Phillips, engaged in the furniture business, in Birmingham, Ala., sold to Joe Biederman certain articles of furniture from their stock; at the price of $1,249, and also assigned to him practically all their dioses in action which had accrued in said partnership business, amounting in the aggregate to $6,347.95, but which were taken at a valuation of seventy-ñve per cent, of face value, amounting to $4,760.96. It is claimed that I. Phillips & Bro. were then indebted to Biederman in the sum of $8,531.60, and…
2Cases cited1 opinion
- Pritchett v. Pollock & Co.Supreme Court of Alabama · 1886
3Cited by4 opinions
- Central Improvement Co. v. Cambria Steel Co.Court of Appeals for the Eighth Circuit · 1913
- American Nat. Bank & Trust Co. v. PowellSupreme Court of Alabama · 1937
- Yates v. GuestSupreme Court of Alabama · 1982
- Burke v. Security Finance Co.Supreme Court of Florida · 1933