Burlingham v. Crouse
Supreme Court of the United States
APPEAL PROM THE CIRCUIT COURT OP APPEALS FOR THE SECOND CIRCUIT. The facts, which involve the construction of § 70a of the Bankruptcy Act and the ownership of policies of insurance on the life of a bankrupt, are stated in the opinion. The policies were assets of the bankrupt estate. They constituted property which the bankrupts, could have transferred. Matter of Slingluff, 105 Fed. Rep. 502. And this irrespective of their value. Re Brown, 196 Fed.
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APPEAL PROM THE CIRCUIT COURT OP APPEALS FOR THE SECOND CIRCUIT. The facts, which involve the construction of § 70a of the Bankruptcy Act and the ownership of policies of insurance on the life of a bankrupt, are stated in the opinion. The policies were assets of the bankrupt estate. They constituted property which the bankrupts, could have transferred. Matter of Slingluff, 105 Fed. Rep. 502. And this irrespective of their value. Re Brown, 196 Fed. Rep. 758. The defendant’s position, that by an unlawful transfer he acquired a lien upon securities of the bankrupt which were not property and…
1Opinion of the Court
Mr. Justice.Day
delivered the opinion of the court.
The action was brought in the United States District Court for the Southern District of New York by the trustees of the firm of T. A. McIntyre & Company, and of the individual members of that firm, bankrupts, against Charles M. Crouse and The Equitable Life Assurance Society of the United States to recover the sum of $90,698.32, the net proceeds of certain policies-of insurance issued by the Equitable Life Assurance Society upon the life of Thomas A. McIntyre, one of the bankrupts, deceased. The proceeds of the policies were paid into court by…
2Cases cited2 opinions
- Holden v. StrattonSupreme Court of the United States · 1905
- Hiscock v. MertensSupreme Court of the United States · 1907
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- Stellwagen v. ClumSupreme Court of the United States · 1918
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