Irving Trust Co. v. Jacob Weckstein & Sons, Inc.

SWAN, Circuit Judge.

Margulies & Ratner, Inc., a corporation engaged in the buying and selling of furs, was adjudicated bankrupt upon an involuntary petition filed on April 13, 1930. During the month of January, 1930, the bankrupt transferred to each of the defendants certain money and merchandise in payment of notes, which they, respectively, held, although its notes had not yet become due. The circumstances were such as to render the transfers voidable preferences according to the findings of the court below, and decrees were entered setting them aside. These appeals challenge the decrees…