In re Thackara Mfg. Co.

Citations

• 140 F. 126
• 1905 U.S. Dist. LEXIS 80

Syllabus

<p>Bankruptcy — Priority of Payment — Levy of Execution.</p> <p>A judgment creditor of an insolvent corporation, who, after the issuance and levy of an execution, had the same held by the sheriff for several months to obtain the advantages of the security, while payments were being made from time to time by the debtor, lost the lien of the levy as against other creditors under the law of Pennsylvania, and on the bankruptcy of the corporation, more than four months after the levy, such creditor is not entitled to priority of payment from the proceeds of the property levied on.</p>