Tradesman Publishing Co. v. Car Wheel Co.

This' is a creditors’ bill, hied, first, ' to hare the Knoxville Car Wheel Company, declared an insolvent corporation and its assets equally distributed among all its creditors; and, second, to hold the directors of said company, who are made defendants, individually liable for all debts created in excess of the capital stock paid in. The complainant also seeks to have annulled certain mortgages, for the reason, first, that they were executed by said corporation after its ascertained, insolvency, and, second, because preferences are thereby created in favor of certain debts for which the…