Stephens v. Allied Bldg. Credits, Inc.

STANLEY, Commissioner.

In September, 1951, a default judgment was rendered in. favor of the Allied Building Credits, Incorporated, for a balance of $1,056.88, principal on a note of the Caney Elkhorn Coal Company. In March, 1952, the plaintiff, stating that an execution, on its judgment had been returned “no property found,” obtained an attachment of funds owed its judgment creditor by several fire insurance companies. They were served as garnishees, and in a joint answer stated they were indebted to the coal company an aggregate of $4,250 for a fire loss. The coal company executed a…