Small v. Gilbert

HALE, District Judge.

The plaintiff, trustee of John Baskett, bankrupt, brings this bill in equity under the provisions of section 70e of the Bankruptcy Act (11 USCA § 110 (e).

The bill seeks to set aside a certain mortgage for $2,000 dated February 26, 1930, given by John Baskett upon his homestead in Dexter to Louis Gilbert, with the alleged intent to defraud the creditors of Baskett, and in contemplation of bankruptcy. The bill alleges that Gilbert paid no consideration for the mortgage, and that he received it with the knowledge that a certain creditor of the bankrupt would be thereby…