Ladd v. Perry

ALSCHULER, Circuit Judge.

The action was in chancery by the trustee in bankruptcy of John Ladd, Sr., to set aside a conveyance of his farm to his son John Ladd, Jr., on the ground that it was in fraud. of creditors and effected a preference in favor of the son, who was a creditor of the bankrupt.

Ladd, Sr., was adjudged a bankrupt February 22, 1924, on an involuntary petition filed March 6, 1923. In 1918, and for many years before, he owned a 160-aere farm in Christian county, III., which he actively farmed until 1912. From that year to 1917 it was operated in partnership by his two sons, Ladd,…