National Bond & Investment Co. v. Jones

MOORMAN, Circuit Judge.

This is an appeal from a decree awarding the appellee, trustee in bankruptcy of Ditto Johnson Motor Company, the value of six automobiles alleged to have been transferred by the bankrupt to the appellant in contemplation of insolvency and with a view of preferring the appellant to the bankrupt’s other general creditors. The decree is based on a finding by the trial judge that the deliveries were made when the motor company was insolvent and in an effort to protect the appellant against loss on the motor company’s indebtedness to it irrespective of the rights of other…