Miceli v. Morgano

HAZEL, District Judge.

This suit in equity was brought by the trustee in bankruptcy to recover from the defendant, a creditor of the bankrupt, the sum of $2,041.54, paid the defendant on an antecedent debt, it being claimed that at such time defendant had reasonable cause to believe a preference0 was effected, under section 60 of the Bankruptcy Act, and also, in a separate cause of action, that the amounts paid constituted transferences to defendant while the debtor was insolvent, or while insolvency was imminent, and with intent to prefer, in violation of section 15 of the Stock Corporation…