Ragan v. Forbes

The questions involved in this ease are of importance, not only to the petitioner, but in their relation to the general scope and effect of our Bankruptcy Law (Comp. St. §§ 9585-9656). I cannot convince myself that the result is right.

Cheney’s trustee in bankruptcy contests the right of a creditor for more than $130,-000 to share in a bankrupt estate, which *788now, nearly seven years after adjudication, is in a position to pay a dividend of 75 to 90 per cent. The ease involves more than $100,000.

The questions presented should be considered in the light of certain general bankruptey principles.…