Legal Opinion
In re Pettingill & Co.
District Court, D. Massachusetts
Decided February 3, 1905No. 8,742PublishedCited by 3 opinions
In Bankruptcy. On review of decision of referee disallowing the claim of the Press Company.
1Opinion of the Court
LOWELL, District Judge.
The creditor seeks to prove. The referee has found that the proof cannot be allowed until preferences received have first been returned. When the payments were made March 21 and 24, 1904, the debtor was insolvent, and knew that he was insolvent. The sole question presented is this: Had the creditor reasonable cause to believe the bankrupt insolvent at the time of the payments? That the creditor had no actual knowledge of insolvency was admitted. The referee has found that he had reasonable cause to believe it. The bankrupt, an advertising agency, for years had done a…
2Cases cited2 opinions
- Grant v. National BankSupreme Court of the United States · 1878
- Petersen v. SchroederWisconsin Supreme Court · 1890
3Cited by3 opinions
- Hardy v. GrayCourt of Appeals for the First Circuit · 1906
- In re GaylordDistrict Court, N.D. New York · 1915
- Suffel v. McCartney National BankWisconsin Supreme Court · 1906