In re Virgin
District Court, S.D. Georgia
In Bankruptcy. In the matter of J. II. Virgin, bankrupt. On review of decision of referee allowing a mortgage of the Commercial National Bank as a prior lien.
1Opinion of the Court
SPEER, District Judge.
The question before the court involves the validity of a mortgage to secure $7,500. This was executed by Mr. Virgin, at the time a dealer in jewelry. It was given to the Commercial National Bank to secure the amount named, and covered the entire stock of merchandise of the mortgagor. At the time, which was more than four months antecedent to bankruptcy, Mr. Virgin was on the verge of insolvency. It is not made plain that this was known to him or to the Commercial National Bank, the mortgagee. The mortgage was, indeed, made to obtain the sum involved in order that it…
2Cases cited13 opinions
- White & Co. v. MagarahanSupreme Court of Georgia · 1891
- Clayton v. Exchange BankCourt of Appeals for the Fifth Circuit · 1903
- Dickenson v. StultsSupreme Court of Georgia · 1904
- Meyer Bros. Drug Co. v. Pipkin Drug Co.Court of Appeals for the Fifth Circuit · 1905
- Baxley v. BaxleySupreme Court of Georgia · 1903
8 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- In re Brown Wagon Co.District Court, S.D. Georgia · 1915
- In re City Drug StoreDistrict Court, S.D. Georgia · 1913