Bank of United States v. Norman

The defendants, the Children of Louis Norman who died on June 22,1937, collected on June 29,1937, $13,836.86 on four policies of life insurance on his life for $20,000 issued by the Connecticut Life Insurance Company, on about January 24, 1927, payable to his estate but on which he had changed the benefit to his children on November 26, 1932, at which time he was, and had long been, insolvent and owed to the plaintiff $8,100 on promissory notes put in judgment March 26, 1932, for $1,364.26, and on January 10, 1933, for $5,728.01. On both judgments executions promptly issued were returned…