In re Fleishman

Citations

• 120 F. 960
• 1902 U.S. Dist. LEXIS 25

Syllabus

<p>1. Bankruptcy — Trust Estate — Bankrupt’s Interest — Surrender—Condition op Discharge.</p> <p>A bankrupt’s mother bequeathed one-half the residue of her estate to the bankrupt’s wife in trust to pay the interest and income to the bankrupt free from the claims of creditors, and to pay from time to time to the bankrupt so much of the principal as the trustee should deem proper, in such manner as to free it from the claims of creditors. Held that, before he could secure a discharge, the bankrupt must assign his interest in the income to his trustee in bankruptcy, though his right to the. principal, being conditioned on the option of the trustee, need not be SO' assigned.</p>