RELLSTAB, District Judge.
Cluett, Peabody & Co., a creditor of Arnold Shaw, the bankrupt, on December 11, 1922, obtained a chattel mortgage from Shaw to secure an antecedent debt. This mortgage was recorded the next day. On February 24, 1923, an involuntary petition in bankruptcy was filed against Shaw. The goods covered by the mortgage were sold free and clear of its lien, upon condition that the lien, if any, should attach to the proceeds.
The referee...
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