IN RE SCHLEICHER PRINTING CORPORATION

No. 122.

62 F.2d 503 (1933)

In re SCHLEICHER PRINTING CORPORATION.

Circuit Court of Appeals, Second Circuit.

January 9, 1933.


Attorney(s) appearing for the Case

Krause, Hirsch & Levin, of New York City (Sydney Krause, of New York City, of counsel), for trustee.

Gould & Newman, of New York City, for claimant-appellant, Herman Diamond.

Before MANTON, AUGUSTUS N. HAND, and CHASE, Circuit Judges.


CHASE, Circuit Judge (after stating the facts as above).

As the bankrupt was insolvent when the transfer of the account was made to the bank and the claimant knew it, there is no doubt whatever that the claimant knew the transfer would effect a preference. Indeed, it is plain from his own testimony that this was exactly what he wanted. He asked Schleicher to take care of his guaranty so he would not "be left" on it. He knew the debts could not be paid in full, and...

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