Hardt v. Heidweyer

Citations

• 152 U.S. 547
• 14 S. Ct. 671
• 38 L. Ed. 548
• 1894 U.S. LEXIS 2144

Syllabus

<p>Whether a debtor in Illinois in failing circumstances has or has not the right by transfers of property to prefer certain creditors in the disposition of his assets, it is clear that he has not the right to transfer to such creditors property largely in excess of their claims to the injury of other general creditors.</p> <p>A bill in that State by other creditors of the debtor filed several years after such transfers were made, which attacks them and prays to have them decreed to be invalid and to have the assigned property distributed pro rata among the general creditors, and which alleges that the plaintiffs were ignorant of the matters complained of, but now have knowledge acquired within a month prior to the filing of the bill, but which does not show how knowledge of the wrongs complained of was obtained, nor why they had not had earlier the same means of ascertaining the facts, may be dismissed, on demurrer, for laches on the part of the complainants.</p>