InrRe Otto Freund Arnold Yeast Co.
District Court, E.D. New York
In the matter of bankruptcy proceedings against the Otto Freund Arnold Yeast Company. Application for the' allowance of a claim for personal taxes assessed against the bankrupt.
1Opinion of the Court
CHATFIELD, District Judge.
The bankrupt was adjudicated upon the 11th day of February, 1909, upon a'petition filed January 27, 1909. There appears upon the tax lists of the city of New York a personal property tax, which became a lien under the law upon the second Monday (or the 11th day) of January, 1909, amounting to $88.76, upon a valuation of $5,000.
It is evident, from the showing of liabilities and assets in connection with the property converted by the trustee into funds for the payment of creditors, that the corporation was hopelessly insolvent several months before the date upon which…
2Cases cited2 opinions
- New Jersey v. AndersonSupreme Court of the United States · 1906
- People v. Manhattan Fire InsuranceNew York Supreme Court · 1890
3Cited by2 opinions
- In re Clayton Magazines, Inc.District Court, S.D. New York · 1935
- In re Ramirez QuiñonesDistrict Court, D. Puerto Rico · 1917