Bronx Brass Foundry, Inc. v. Irving Trust Co.

Mr. Justice Brandéis

delivered the opinion of the Court.

J. R. ■Palmenberg Sons, Inc., was adjudged bankrupt-in the federal court for southern New, York in August, 1933. In September, Bronx Brass Foundry, Inc., filed its proof of claim. In January, 1934, the Irving Trust Company, trustee in bankruptcy, moved to expunge the claim on the ground that the creditor had received within the four months preceding the bankruptcy, payments on ac count aggregating $1,000 which were unlawful preferences. The creditor denied the allegations of preference.

‘ On the issue thus raised, several hearings were had…