GREATHOUSE v. MILLARD


320 S.W.2d 630 (1958)

W. W. GREATHOUSE, Appellant, v. W. P. MILLARD et al., Appellees.

Court of Appeals of Kentucky.

Rehearing Denied February 27, 1959.


Attorney(s) appearing for the Case

Weldon Shouse, Lexington, for appellant.

Pat Rankin, Stanford, Henry Clay Cox, Lancaster, Joe Davis, Danville, W. Earl Dean, Harrodsburg, Wesley Gilmer, Jr., Danville, for appellees.


CLAY, Commissioner.

This is a receivership proceeding in which it was adjudged that appellant obtained approximately $11,000 as a preference from an insolvent debtor and that said sum must be returned for the benefit of all the insolvent's creditors as provided by KRS 378.060.

Appellant for some time had financed the purchase of new automobiles under an arrangement known as "floor planning" for the Thompson-Gordon Motors Company. Under this arrangement appellant...

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