Hooven, Owens & Rentschler Co. v. Burdette
Appellate Court of Illinois
Memorandum.—Assignment. In the County Court of Cook County; the Hon. Frank Scales, Judge, presiding. Appeal from an order directing priority of payments. Heard in this court at the March term, 1893, and affirmed.
1Opinion of the CourtJustice Shepard
The first question presented by this appeal is as to the correctness of the order appealed from, in placing the indebtedness incurred by the assignee, and his proper charges as assignee, in the administration of the insolvent estate, ahead of, and paramount to, the claims of lien holders and general creditors of the insolvent corporation.
It seems that the assignee was authorized, by order of the County Court, entered very soon after the assignment was made, to continue the business of the insolvent corporation, and to purchase new material, etc. About a week later the original assignee…
2Cases cited1 opinion
- Heise v. StarrAppellate Court of Illinois · 1892