Simandl v. Paragon Paint & Varnish Corp.

GALS TON, District Judge.

This cause was transferred from the equity to the common-law side of the court, and was thereupon, upon stipulation, tried without a jury.

Complainant alleges that, within four months prior to the filing of the involuntary petition in bankruptcy against Samuel Elkin, Inc., bankrupt, while insolvent and indebted to the respondent Paragon Paint & Varnish Corporation, made two preferential payments, one by the transfer of outstanding accounts receivable of the bankrupt in the sum of $20,000, and the other by the execution and delivery of its bond and mortgage in the sum…