In re Beede
District Court, N.D. New York
This is a controversy between the assignee of a mortgagee of Orlando Beede, the bankrupt, his trustee in bankruptcy, and certain-creditors of said bankrupt who have obtained judgments against him since the filing by him of the petition in bankruptcy, as to the rights of the parties to the proceeds of the sale of the personal property of said bankrupt. The amount in controversy is over $12,000. See 126 Fed. 853.
1Opinion of the Court
RAY, District Judge.
The facts in this case, so far as the legal questions now involved are concerned, are easily,understood. Orlando Beede, the bankrupt, was extensively engaged in the lumber business and in running two stores. Prior to March, 1901, l:e became badly involved financially, but his condition was known to-himself only, if to himself. In fact, he was insolvent. He was borrowing money on notes and giving notes, and his brother Fletcher S. Beede became his indorser to an amount in excess of $30,000. As security for such indorsements, Orlando gave to his-brother, March 23, 1901, a…
2Cases cited25 opinions
- Hewit v. Berlin MacHine WorksSupreme Court of the United States · 1904
- Southard v. . BennerNew York Court of Appeals · 1878
- Stewart v. PlattSupreme Court of the United States · 1879
- Thompson v. . Van VechtenNew York Court of Appeals · 1863
- Karst v. . GaneNew York Court of Appeals · 1893
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3Cited by4 opinions
- Madson v. RuttenNorth Dakota Supreme Court · 1907
- In re HartmanDistrict Court, N.D. New York · 1911
- In re the Judicial Settlement of the Account of First Trust & Deposit Co.Appellate Division of the Supreme Court of the State of New York · 1939
- Dulany v. MorseCourt of Appeals for the D.C. Circuit · 1913