“The test for ‘insolvency’ under . . . the Bankruptcy Act is not the inability to meet current obligations but is the state of having liabilities exceed assets.”
How later courts described this case
- “The test for ‘insolvency’ under . . . the Bankruptcy Act is not the inability to meet current obligations but is the state of having liabilities exceed assets.”
Written by the judges who cited it.
The opinion
Per Curiam.
The motions to dismiss are granted and the appeal is dismissed for want of jurisdiction. Treating the papers whereon the appeal was taken as a petition for a writ of certiorari, certiorari is denied.
Mr. Justice Fortas took no part in the consideration or decision of this case.