In re Soldosky

Citations

• 111 F. 511
• 1901 U.S. Dist. LEXIS 91

Syllabus

<p>I5axkrci>toy—Surrender of Preferences—New Credits.</p> <p>Bankr. Act 1898, § 60c, which provides that “if a creditor lias been preferred, and afterwards in good faitli gives the debtor further credit without security of any kind, for property which becomes a part of the debtor's estate, the amount of sucli nevr credit remaining unpaid at the time of the adjudication in bankruptcy may he set oil against the. amount which would otherwise be recovera ble from him.’' entitles any preferred creditor, as defined in section (iOa, to a deduction of the amount of such new credits from the preferences which lie is required to surrender before proving his claim, and is not limited in its application to cases where» the trustee sues to recover the preferences.</p>