JOHNSON v. PEOPLE'S STATE BANK

No. 214.

22 F.2d 211 (1927)

JOHNSON v. PEOPLE'S STATE BANK OF BEAVERTON et al.

District Court, E. D. Michigan, N. D.

October 31, 1927.


Attorney(s) appearing for the Case

Fixel & Fixel, of Detroit, Mich., for plaintiff.

John C. Shaffer, of Gladwin, Mich., for defendants.


TUTTLE, District Judge.

This is a bill brought by the trustee in bankruptcy for the estate of Merle E. Wilt, bankrupt, against the People's State Bank of Beaverton, Mich., and Homer E. Wilt, as trustee for the stockholders of such bank, to set aside, as fraudulent, a foreclosure sale under a chattel mortgage given by the bankrupt to said bank on which sale the bank purchased the mortgaged property for the amount of the debt secured by said mortgage.

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