Turnock v. Hibbard, Spencer, Bartlett & Co.
Court of Appeals for the Seventh Circuit
Petition to Review and Revise Order of the District Court of the United States for the District of Indiana; Albert B. Anderson, Judge. In the matter of Turnock & Sons, bankrupts. The objections of Hibbard, Spencer, Bartlett & Co. to the trustee’s report setting off exemptions to Richard Turnock, Sr., and others, were sustained, and the bankrupts file a petition to review and revise.
1Opinion of the Court
MACK, Circuit Judge.
On October 22, 1914, Turnock & Sons, a partnership, was dissolved, and the property, worth $3,500, was divided among the members of the firm, all residents of Indiana. The firm liabilities were $11,000. Each partner knew of the insolvency. The dissolution was for the express purpose of enabling each of them to claim $600 exemptions, and for no other purpose. On October 30, 1914, one of them filed his voluntary petition in bankruptcy, and ah involuntary petition was filed to have the firm adjudged bankrupt. Adjudications followed as to the firm and each member individually.…
2Cases cited6 opinions
- In re FriedrichCourt of Appeals for the Seventh Circuit · 1900
- Crawford v. SternbergCourt of Appeals for the Eighth Circuit · 1915
- Goudy v. WerbeIndiana Supreme Court · 1889
- Lippincott v. KlostermanCourt of Appeals for the Seventh Circuit · 1910
- Amundson v. FolsomCourt of Appeals for the Eighth Circuit · 1914
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3Cited by3 opinions
- In Re HirschDistrict Court, S.D. New York · 1933
- In re JacobsDistrict Court, W.D. Michigan · 1927
- Titus v. MaxwellCourt of Appeals for the Sixth Circuit · 1922