CAFFEY, District Judge.
There were two chattel mortgages on the same property. The second was not filed and did not become a lien. In consequence, there was no mutuality or setoff within the terms of Section 68, sub. a of the Bankruptcy Act, 11 U.S.C.A. § 108, sub. a.
The entire mortgaged property sold for $1,502. The property, which carried with it a lien plus any expenses, sold for a net $1,067.69. This left a surplus of $434.31. The question is to...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
