Rankin v. Cox

WOODROUGH, Circuit Judge.

Suits in equity (consolidated for trial) were brought by the trustee of Joshua Cox, bankrupt, to set aside two $2.0,000 real estate mortgages given by the bankrupt more than four months prior to bankruptcy, but recorded within the four-month period. It is clear that the mortgages were given for full present consideration passing to the bankrupt at the time and were not preferences voidable under section 60a and section 60b of tile Bankruptcy Act, as amended, 11 US CA § 96 (a, b). But the claim pressed upon the special master and the trial court and now insisted upon…