U.S. Supreme Court
Phipps v. Sedgwick, 95 U.S. 3 (1877)
Phipps v. Sedgwick
95 U.S. 3
1. The Court, upon consideration of the facts in this case, holds that certain real estate settled upon a woman by her husband was purchased with the assets of the firm whereof he was a member, and that the assignee in bankruptcy of the firm is, after the payment of the mortgage thereon, entitled to the proceeds thereof.
2. Where property is conveyed to a wife in fraud of her husband's creditors, a judgment in personam for its value cannot be taken against her, nor, in case of her death, against her executors.
The facts are stated in the opinion of the Court.