Walsh v. Lowell Trust Co.

The answer admits that the plaintiff is the duly appointed trustee in bankruptcy of the estate of Guy F. Cochran, who on March 25,1920, paid within four months *457prior to the date of adjudication a debt he owed to the company amounting to $1,224 which it had acquired by assignment from one Mendlik, the bankrupt’s original creditor, who owed the company a much larger amount. It is found that at the date of the payment the bankrupt was insolvent, and if the payment was a preference, the defendant will obtain a greater percentage of its debt than other creditors of the same class. The plaintiff…