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BURNS v. ARTCRAFT PAINTING CO.

No. 4841.

103 N.H. 118 (1960)

EDWARD J. BURNS v. ARTCRAFT PAINTING CO.

Supreme Court of New Hampshire.

Decided December 27, 1960.

Attorney(s) appearing for the Case

Fuller, Flynn & Riordan (Mr. Fuller orally), for the plaintiff.

Devine, Millimet & McDonough (Mr. Millimet orally), for the defendant Artcraft Painting Co., Inc., the intervenors, United States Fidelity & Guaranty Co., and James F. Murphy, Trustee in Bankruptcy of Artcraft Painting Co., Inc.

BLANDIN, J.

The single question transferred to us is: "Was the Agreement for Judgment by the defendant Artcraft Painting Co., Inc., dated July 12, 1958, a preference or fraudulent transfer which would entitle the Trustee in Bankruptcy to intervene in this motion at this time?"

Under 11 U. S. C. A. 96 (supp.) of the Bankruptcy Act, a preference is defined as "a transfer . . . of any of the property of a debtor to or...

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