Kahn v. Cone Export & Commission Co.

Citations

• 115 F. 290
• 53 C.C.A. 92
• 1902 U.S. App. LEXIS 4211

Syllabus

<p>Bankruptcy — Preferences—Deduction of New Credits.</p> <p>Bankr. Act 1898, § 60c, entitles a creditor who has received preferential payment on account, but who has extended further credit, as therein specified, to a deduction of the amount of such new credit from the preferences he 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>