Court Opinion

ID: 6115347
Source: CourtListenerOpinion
Date Created: 2022-02-03 15:48:23.319931+00
Date Added: 2024-06-11T08:18:08.456544
License: Public Domain

Hilton, J.
The supplementary order for the defendant’s examination was granted August 6, 1858, and on the 24th of the same month a receiver was appointed under the proceedings thus instituted.
About September 1, 1858, the defendant’s household furniture, which was by law exempt from execution, and could not be reached under these proceedings, was destroyed by fire, whereby the Astor Fire Insurance Company became indebted to him to the extent of its value, under a policy or contract of insurance issued by them in respect to it.
I am asked upon this motion, to which the plaintiffs and defendant atone are parties, to declare who is entitled to the moneys arising upon this policy.
As I cannot perceive how the money can be reached by the present proceeding, it seems quite unnecessary for me to express any opinion upon the question, whether the proceeds of the furniture, or the indebtedness arising out of its destruction by fire, is subject to the same exemption as the furniture was, at the time these proceedings were commenced.
A proceeding of this character only reaches property in the possession of the defendant at the time of the service upon him of the order for his examination; and on the appointment of the receiver, all the defendant’s property and effects, including debts and choses in action, pass without any assignment (Porter a. Williams, 5 Seld., 141), for the purpose of being applied in payment of the judgment against him.
It does not, however, affect property subsequently acquired, or a debt which afterwards arises. To reach either, new pro- ■ ceedings are necessary.
As the claim in this case against the insurance company arose subsequent to the appointment of the receiver, it seems quite clear that no interest in it passed to him, and the plaintiffs not being in a position to raise any question in respect to it, I cannot do otherwise than dismiss the application.