Re: Wm. Godfrey, late of St. Thomas: In this case Mr. Linford Brown, on behalf of the Trustee in the liquidation of the above-named debtor, applied for an order of the Court compelling Messrs. Pinsent and Co. to hand over to the Trustee certain moneys, the proceeds of the transfer of the debtor’s house and stock. It was alleged that fourteen days before the debtor filed his petition for liquidation he made over his business and stock to Messrs. Pinsent and Co., to whom he was indebted to the extent of about £790. It was contended that this was giving them a fraudulent preference within the meaning of the Bankruptcy Act of 1869, and that the assigning of the whole of his property was an act of bankruptcy. — Mr. Friend, who appeared for Messrs. Pinsent, said the whole of the property was not given up, inasmuch as the book debts, which were set down at about £120, were retained. The house and business were given up in accordance with an arrangement made long before the time stated, and the debtor merely remained on until such time as Messrs. Pinsent could obtain a suitable tenant, which was not until shortly before the petition for liquidation.
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Referenced
GRO0518 Devonport: John Ball Pinsent: 1819 – 1901