In re Whelpley

ALDRICH, District Judge.

In the Massachusetts district partly paid up life insurance policies, with the usual contingencies and provisions as to changing the beneficiaries and as to surrendering policies and receiving the benefits thereof, are treated as an asset of a bankrupt estate to which the creditors are entitled. In re Hayden (No. 12,477) was so decided by the referee upon the ground that it was something somewhat analogous to liquor licenses and stock exchange seats. The order of the referee was affirmed by Judge Dodge without opinion. In re Whitney (No. 13, 834) was similarly decided…