LAW TIMES REPORTS. A COLLECTION OF LEADING CASES DECIDED IN THE COURTS OF THE RESORT OF THE STATES. EDITED BY ROWLAND COX. "It is impoffible but in process of time, as well from the nature of things chang- NEW SERIES.-VOLUME I. NEW YORK: 1874. LIBRARY OF THE LELAND STAMFORD JR. UNIVERSITY. A.4404743143 AUG 27 1900 RIVERSIDE, CAMBRIDGE: STEREOTYPED AND PRINTED BY H. O. HOUGHTON AND COMPANY. THE AMERICAN LAW TIMES REPORTS: A COLLECTION OF LEADING CASES DECIDED IN THE COURTS OF THE UNITED STATES AND COURTS OF FINAL APPEAL OF ALL THE STATES. WILSON v. BANK OF ST. PAUL. Something more than passive non-resistance in an insolvent debtor is necessary to invalidate a judgment and levy on his property when the debt is due and he has no defence. In such case there is no legal obligation on the debtor to file a petition in bankruptcy to prevent the judgment and levy, and a failure to do so is not sufficient evidence of an intent to give a preference to the judgment creditor, or to defeat the operation of the bankrupt law. Though the judgment creditor in such a case may know the insolvent condition of the debtor, his judgment and levy upon his property are not, therefore, void, and are no violation of the act. A lien thus obtained by him will not be displaced by subsequent proceedings in bankruptcy, though commenced within four months after levy of the execution or rendition of the judgment. MR. JUSTICE MILLER delivered the opinion of the court. This case comes before us on a certificate of division in opinion between the circuit and district judges for the District of Minnesota. The statement of facts and the questions certified are as follows: The complainant is the assignee in bankruptcy of the firm of Vanderhoof Bros., lately merchants in the city of St. Paul. The defendant is the City Bank of St. Paul. The bill is filed to determine which of the parties is entitled to the stock of goods of the bankrupts, or the proceeds thereof. The assignee claims the goods, or the proceeds thereof, as VOL. I. 1 |