Legal Opinion
Lovett v. Faircloth
Court of Appeals for the Fifth Circuit
Decided December 21, 1925No. 4466PublishedCited by 14 opinions
1Opinion of the Court
BRYAN, Circuit Judge.
This is an appeal by a trustee in bankruptcy from an order of the District Court holding that a valid lien superior to the claims of unsecured creditors existed on practically all of the bankrupt’s property.
In May, 1924, H. F. Lilly, the bankrupt, was a merchant and owned a stock of dry goods at Quitman, Ga. At that time he also owned some real estate, which was valued at from $3,000 to $5,000, but it was mortgaged to secure a loan of $3,500, and §4 shares of stock of the Southern Machinery Company, of the par value of $100 per share, but he had put it up as collateral…
2Cases cited4 opinions
- Coder v. ArtsSupreme Court of the United States · 1909
- Dean v. DavisSupreme Court of the United States · 1917
- Van Iderstine v. National Discount Co.Supreme Court of the United States · 1913
- Brice v. LaneSupreme Court of Georgia · 1892
3Cited by14 opinions
- Matter of Estate of ReedWyoming Supreme Court · 1977
- In Re Duncan & Forbes Development, Inc.United States Bankruptcy Court, C.D. California · 2006
- Quinn v. Union Nat. Bank of RochesterCourt of Appeals for the Eighth Circuit · 1929
- Edward Hines Western Pine Co. v. First Nat. BankCourt of Appeals for the Seventh Circuit · 1932
- Leventhal v. SpillmanDistrict Court, E.D. New York · 1964
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