HAYES, District Judge.
Stein Bros. filed a claim against the bankrupt estate for the sum of $3,000 secured by a chattel mortgage executed by the bankrupt on February 15, 1929, and recorded February 18, 1929, on a stock of merchandise. Five pre-existing creditors objected to the allowance of this claim and moved that it be disallowed. A hearing was granted by the referee and upon the evidence taken he made his findings of fact and concluded as a matter of law that...
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