First Nat. Bank v. Weaver

BUFFINGTON, Circuit Judge.

On October 2D 1920, H. Clay Mc-Elwain, a Pennsylvania farmer, confessed judgment in a state court for $4,000 in favor of the First National Bank of Delta, Pa.

The Pennsylvania Insolvency Act of June 4, 1901 (P. D. 404; Pa. St. 1920, § 779), provides:

“That if any person, * * * being insolvent or in contemplation of insolvency, with a view to give a preference to any creditor * * * suffer or permit any judgment to be entered, by confession, * * * such judgment * * * shall inure to the benefit of all the creditors of such insolvent, if * * * proceedings in insolvency be…