Allen v. Parkey

On March 29, 1926, W. P. Allen, who was heavily indebted, executed a deed of assignment to Parkey, trustee, in which he conveyed all of his property, real and personal, in trust for the benefit of such of his creditors as were willing to accede to the terms of this deed. The property conveyed consisted of personalty worth about $4,000.00 and an undivided interest in large *742real estate holdings which he held in common with his wife, Mary Ely Allen, together with his interest in a certain fifty acre tract of land conveyed to him and his wife by deed of date of October 28,1902.

Thereafter this…