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23 F. Cas. 194

Stover v. Kennedy

U.S. District Court

Decided January 5, 1878

U.S. District Court · decided 1878-01-05

A bill in equity was filed by an assignee in bankruptcy to set aside a confession of judgment as in fraud of the bankrupt act.

Decided 1878-01-05

¶1THE COURT

(McKENNAN, Circuit Judge, and CADWALADER, District Judge)

¶2held that there having been an agreement to give a judgment to secure the loan at tbe time the loan was made, and the warrant to confess said judgment having been omitted by mistake, it was not a fraud upon the provisions of *195the bankrupt act to carry out the terms of the contract, even after the circumstances of the debtor had become involved, and that the judgment should'not be set aside; and further, that the issue of execution on the said judgment was not a fraudulent procurement of execution within the meaning of the act.

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