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New Series 10 Bankr. Stud. Grp. Bull. [i] (1963-1964)

handle is hein.journals/calbj20 and id is 1 raw text is: BANKRUPTCY STUDY GROUP BULLETIN A QUARTERLY Los Angeles February, 1963 California TABLE OF CONTENTS Page Officers...........................Inside Cover Recent significant United States Supreme Court Decisions: Federal Tax Lien Priority: Upheld Over Subsequent Real Estate Tax Liens on Foreclosure---------................ 3 Subrogation: Surety Paying Bankrupt's Laborers and Ma- terialmen Entitled to Funds Retained by Federal Government ....... ............._......_._------------------------- 4 Discharge: Effect in Bankrupt's Third Bankruptcy Proceeding of Denial of His Discharge in a Former Proceeding.._......___....5 Exemption: Denied Where Non-Exempt Property Fraudulently Transposed to Exempt Property on Eve of Bankruptcy_..- . 6 Exemption: Proration of Claim of Exemption Upon Life Insurance Policy and Denial of Application to Encumber Exempt Interest ...................... .... ... 7 Reclamation: Title Retention Clause Contained in Delivery Re- ceipt Not Effective Where Purchase Order and Invoice Evidenced Open Account Transaction .__..............- ........... 8 Fraudulent Transfer: Transfer of Real Property in Divorce Settle- ment Fraudulent as to Creditors __._..--- -... . ....__ 9 VOL. X No. I