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IVANHOE BUILDING & LOAN ASS'N OF NEWARK, N. J., v. ORR

No. 5434.

73 F.2d 609 (1934)

IVANHOE BUILDING & LOAN ASS'N OF NEWARK, N. J., v. ORR.

Circuit Court of Appeals, Third Circuit.

October 3, 1934.

Attorney(s) appearing for the Case

Abraham Alboum, of Newark, N. J. (Aaron Narol, of Newark, N. J., on the brief), for appellant.

Charles E. Hendrickson, of Jersey City, N. J. (Sydney L. Jacobs, of Jersey City, N. J., of counsel), for appellee.

Before DAVIS, Circuit Judge, and CLARK and JOHNSON, District Judges.

DAVIS, Circuit Judge.

This is an appeal from an order of the District Court reducing the claim of the appellant filed in the bankrupt estate of the Eastern Sash & Door Company by the amount of the value of the collateral which it held.

On July 21, 1927, Abraham Portnoff and others executed to the Ivanhoe Building & Loan Association a bond for the sum of $23,000 conditioned for the payment of $11,500, and, to secure the payment thereof, they executed...

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