Mattox v. Gibson

The cause of action sought to be stated in each complaint was based on section 60 of the Bankruptcy Act, 11 USCA, § 96. Section 60a provides in substance that a person shall be deemed to have given a preference if, being insolvent, he has within four months of the filing of the peti* tion made a transfer of any of his property and the effect of such transfer will be to enable any one of his creditors to obtain a greater percentage of his debt than any other of-such creditors of the same class. Section 60b provides that if the *538bankrupt shall have given a preference as defined in subsection a…