In re Southern Overalls Mfg. Co.

Citations

• 111 F. 518
• 1901 U.S. Dist. LEXIS 94

Syllabus

<p>Bankruptcy—Preferences—Deduction of New Credits.</p> <p>Bankr. Act 1898, § 60c, entitles a creditor who lias received preferential payments on account, but who has extended further credit as therein specified, to a deduction of the amount of such new credits from the preferences lie would otherwise be required to surrender before proving the remainder of his debt, and is not limited in its application to cases where the trustee sues to recover the preferences.</p>