Purvin v. Grey

The complaint alleges that deceased debtor was the owner of certain insurance policies and that he paid certain specified premiums thereon while insolvent, etc. This seems sufficient to allege disbursement of debtor’s funds.

Furthermore, the action is in equity. The prayer for relief asks that a trust be impressed in favor of deceased’s creditors on the proceeds of the policies, and that a lien be imposed on moneys in hands of defendants. In addition, the action is for benefit of creditors of a deceased debtor. Its proceeds will not go to plaintiff but to the debtor’s estate to be disbursed…