In re Eagle Steam Laundry Co. of Queens County
District Court, E.D. New York
Proceeding in the matter of the Eagle Steam Laundry -Company of Queens County, a bankrupt. A mortgagee determined to have no rights save as a general creditor.
1Opinion of the Court
CHATFIELD, District Judge.
One Thomas Meany organized a laundry corporation, now in bankruptcy, and transferred his own business to that corporation, subject to a chattel mortgage of $1,500 held by his wife. The original validity of this chattel mortgage is not disputed. At the time of the transfer Mrs. Meany took $1,000 in stock for an additional claim held by her, and apparently agreed to renew her mortgage when the time of expiration came around. The or*741ganization of the corporation and these transfers took place in October, 1907, and in January, 1908, a new mortgage was drawn up to take the…
2Cases cited3 opinions
- Hamilton Trust Co. v. . ClemesNew York Court of Appeals · 1900
- Hamilton Trust Co. v. ClemesAppellate Division of the Supreme Court of the State of New York · 1897
- In re StrobelDistrict Court, E.D. New York · 1907
3Cited by1 opinion
- In Re James, Inc.Court of Appeals for the Second Circuit · 1929