Chipps v. Bishop, Assignee

Opinion of the Court by

Commissioner’ Hobson

Appeal granted January 2,1924, affirmed; appeal granted December 6, 1923, dismissed with damages.

Theodore Sick on December 14,1920, executed a deed to W. D. Bishop conveying all his property to him for the use and benefit of his creditors. The estate consisted mainly of land and was of value about $60,000.00. The debts amounted to over $100,000.00. Most of the land was covered by mortgage. On December 31, 1920, Bishop brought this suit for the settlement of the trust. The creditors appeared. There was a prolonged litigation over the different liens,…