In re American Paper Co.
District Court, D. New Jersey
In Bankruptcy. In the matter of the American Paper Company. On review of an order of the referee disallowing a set-off, based upon claims in the hands of third persons discharged by a composition settlement.
1Opinion of the Court
DAVIS, District Judge.
The American Paper Company, hereinafter called the Paper Company, bankrupt in the above-stated cause, was indebted to the George F. Hills Company, hereinafter called the Hills Company, in the sum of $16,713.74, evidenced by certain notes, *754and the Hills Company was indebted to the Paper Company in the sum of $18,651.76, evidenced by certain notes, which the said Paper Company indorsed and negotiated to third parties and secured to a large extent the payment thereof by its bonds. July 10, 1914, the Paper Company was adjudicated a bankrupt. In the spring of 1915 a petition…
2Cases cited1 opinion
- Morgan v. WordellMassachusetts Supreme Judicial Court · 1901
3Cited by2 opinions
- Harlow Realty Co. v. WhitingMassachusetts Supreme Judicial Court · 1941
- Gardner v. George F. Hills Co.Court of Appeals for the Third Circuit · 1917