Bridgeport-City Trust Co. v. Bridgeport Land & Title Co.

The briefs of the parties are so exhaus' tive that little may be added by way of precedent or authority.

It is illuminating however to consider the rules relating to the appointment of receivers. Section 238 of the Practice Book (1934) requires that “such inquiry as is practicable shall be made by the judge or court relative to the solvency of the estate”, and if “it appears to the judge or court that the estate is insolvent, the estate shall be promptly liquidated and no further continuance of business, except for the purpose of liquidation, shall be permitted, unless, because of exceptional…