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IN RE BABB

No. 765-D.

41 F.2d 253 (1930)

In re BABB.

District Court, E. D. Illinois.

June 4, 1930.

Attorney(s) appearing for the Case

Boyer & Leonard and Dobbins & Dobbins, all of Champaign, Ill., for mortgagee.

George Martin and Green & Palmer, all of Urbana, Ill., for trustee.

Busch & Harrington, of Champaign, Ill., for creditors.

LINDLEY, District Judge.

William A. Pfeffer, mortgagee in a chattel mortgage executed by Harry C. Babb February 16, 1928, securing two notes aggregating $4,500, complains of the order of the referee finding that such mortgage is invalid for the reason that the notes and mortgage in question were given as collateral security for notes aggregating over $6,000 held by the Bondville State Bank against the bankrupt, and because...

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