Levy v. Weinberg & Holman, Inc.

(after stating the facts as above). To establish the insolvency of the bankrupt the complainant introduced testimony of an accountant, who examined the hooks of the bankrupt and submitted summaries thereof, which showed insolvency at the date of the petition to the extent of $61,000, and on September 27,1923, to the extent of $26,000. Although liabilities to merchandise creditors totaled $93,000, the merchandise and fixtures taken over by the receiver were valued at less than $1,000, and were actually sold for about $500. We entertain no doubt that the bankrupt was insolvent on September 27,…