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MATHEW INHELDER CREDITORS NAME DUTCHER TRUSTEE FIRST MEETING IS HELD IN BANKRUPTCY CASE OF FORMER PIERCE BANKER FIRST AN INVOLUNTARY CASE Action Begun by Receiver for Bank But Defendant Admits Insolvent When Case Comes Up in Court; Schedules Are Filed At the first meeting of the creditors Mathew Inhelder of Pierce, held here before Forrest Lear, referee in bankruptcy, Raymond Dutcher of Pierce was named trustee for Inhelder. number of creditors were present but Mr. In helder, who is 84 years of age, was unable to attend the meeting because of his advanced age and the state of his health. Acting under orders issued by Referee Lear, Mr. Inhelder, who has been actively identified with number of Pierce county banks for many years, recently filed bankruptcy schedules showing debts totaling $93,300 and assets alleged to be worth $45,800. The assets, however, represent chiefly real estate, all of which is mortgaged. Considerable interest in the helder has developed in Pierce county since Edward H. Luikart, receiver for the defunct Citizens State bank of Pierce, in which Inhelder was interested, filed an involuntary bankruptcy petition number of weeks ago. Frist Files A Denial Inhelder filed denial but when the case came up for trial in federal court here Sept. 19 he chang ed his pleading and admitted that he was insolvent The court then turned the case over to Referee Lear who in turn instructed Inbelder file schedules of his lia bilities and assets. In instituting the involuntary proceedings the plaintiff stated that the Citizens State bank had claims of $8,050 in excess of all security against Inhelder. These claims represented $5,000 note payable to Inhelder and signed by John Koehler which had been transferred to the bank for valuable consideration and on which Lothing had been paid, and another $5,000 note payable to Inhelder and signed by W. C. and Mary Flora which had also been transferred to the bank on which about $3,500 was still owed The bank receiver claimed that Inhelder had committed two acts of bankruptcy on Sept. 21, 1931. He conveyed, It is alleged, two lots in Pierce to his daughter-inlaw, Lenore E. Inhelder of Foster, and her father, Lucien D. Hertcrt of San Francisco, Calif., "for purported consideration of $10.000 with intent to obtain for them preference over other creditors." On the same day he conveyed other lots Pierce, valued at $10, 000 "to William Reikofski, William Duerst, W. D. Boschult and George Eichberger for $1," also "permit them to obtain unlawful preference over other creditors.' The plaintill claimed that Inhelder was insolvent when these transactions were made. Object to Two Claims At the first meeting of creditors Mr. Luikart's attorneys filed objections to the allowing of claims alleged to be due Mrs. Lenore Inhelder, Lucien D. Hertert and the four men named in the second proper. ty transfer. Among the debts listed by Inhelder his schedules are the following: William Duerst, William Reikofski W. D. Boschult and George Eichberger, $7,300 indebtness on bond, secured by trust deed on lots in Pierce. Lenore Inhelder, Foster, and Lucien D. Hertert. San Francisco. $10,000, secured by mortgage on lots Pierce. Citizens State bank, Pierce, note signed Flora and endors ed, balance $3,500: note signed by John Koehler, endorsed, balance. $4,500; double liability on stock. $12,000. Breslau State bank, double lia bility on stock, $15,000. Mike liability on trust Federal Land bank, Omaha, $17. 000, by farm mortgage. Aetna Life Insurance company,