Continental & Commercial Trust & Savings Bank v. Breen & Kennedy
Appellate Court of Illinois
Appeal from the Municipal Court of Chicago; the Hon. Hosea W. Wells, Judge, presiding. Heard in the Branch Appellate Court at the October term, 1913.
1Opinion of the CourtJustice Gridley
Section 60a of the Bankruptcy Act provides, in substance, that a person shall be deemed to have given a preference if, being insolvent, he has within four months before the filing of the petition 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 of said Act, in force in 1909, provides that “if the bankrupt shall have given a preference and the person receiving it, or to be benefited thereby, or his agent acting therein,…
2Cases cited19 opinions
- Grant v. National BankSupreme Court of the United States · 1878
- Swarts v. SiegelCourt of Appeals for the Eighth Circuit · 1902
- Tumlin v. BryanCourt of Appeals for the Fifth Circuit · 1908
- Walter Cabinet Co. v. RussellIllinois Supreme Court · 1911
- Paper v. SternCourt of Appeals for the Eighth Circuit · 1912
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