New v. Oldfield

Citations

• 110 Ill. 138

Syllabus

<p>1. Fbattotjlent conveyance— debtor conveying property to Ms creditor—of conveyances by the debtor to his wife. A debtor, though largely indebted, may sell and convey property to a creditor, and if the transaction is made in good faith, and is honest and fair, it may be upheld. But the law does not allow a debtor in failing circumstances, either directly or indirectly, to transfer his property to his wife, and thus place it beyond the reach of his creditors.</p> <p>2. A wife may purchase property with her own means, and hold the same in her own name, and such property will not be liable to be taken for the husband’s debts; but she can not buy and hold property, as against his creditors, with means belonging to her husband; and earnings by the husband from a business, though carried on in the wife’s name, when she had no money of her own invested in it, can not be regarded as her own.</p>