This is one of several cases concerning the bankruptcy of James Dunlop Jr. After Dunlop became bankrupt, most of his creditors signed a “deed of concert” in which they agreed to work together to recover their debts. Further, some creditors pursued court adjudications of their debts, including those who had signed the agreement. Eventually, certain creditors initiated a ranking and sale of Dunlop’s estate, and a dispute arose over about whether the creditors should be ranked according to the trust-right or the adjudications.

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