Court Opinion

ID: 8260960
Source: CourtListenerOpinion
Date Created: 2022-10-16 15:54:06.581179+00
Date Added: 2024-06-11T16:43:11.005805
License: Public Domain

Bond, J.
—This is a creditors bill against a defendant corporation and its grantees, averring a fraudulent conveyance of the assets of said corporation to its co-defendants, and asking the appointment of a receiver and the annulment of said conveyances and the subjection of the assets, attempted to be transferred, to the satisfaction of plaintiffs claim and those of other creditors. It is averred that the claim of plaintiffs is more than $1,000, and that of all the creditors is not less than $18,000. The assets sought to be reached are: First, a leasehold of real estate and certain fixtures and machinery, of the value of $7,000; second, certain choses in action conveyed to D. R. Francis, of the value of $1,500; and, third, a general assignment to F. A. Wind of assets worth $1,400. Defendants answered, asserting the validity of the transaction sought to be impeached, and a decree was rendered in their favor, from which this appeal was taken.
It appeared on the trial that $3,800 had been realized on a sale of the mortgaged leasehold, and $1,200 on the accounts transferred to D. R. Francis. Omitting other assets, these sums aggregate $5,000. It is not clear from an examination of this record whether this cause is within the pecuniary limit of the jurisdiction of this court. It will, therefore, be transferred for determination to the supreme court, with a copy of this order, in pursuance of Revised Statutes of 1889, section 3300. It is so ordered.
All concur.