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MOUNT v. NORFOLK SAVINGS & LOAN CORP.

No. 6264.

192 F.2d 286 (1951)

MOUNT v. NORFOLK SAVINGS & LOAN CORP.

United States Court of Appeals Fourth Circuit.

Decided November 5, 1951.

Attorney(s) appearing for the Case

Israel Steingold, Richmond, Va. (Samuel A. Steingold and Steingold & Steingold, all of Norfolk, Va., on the brief), for appellant.

Henry J. Lankford, Norfolk, Va., for appellee.

Before PARKER, Chief Judge, and SOPER and DOBIE, Circuit Judges.

SOPER, Circuit Judge.

The trustee in bankruptcy of Legum Furniture Corporation brought this suit against Norfolk Savings and Loan Corporation, hereinafter called the bank, to set aside and avoid the assignment of certain conditional sales contracts pledged by Legum with the bank as collateral security for loans, and to recover, as voidable preferences under Section 60 of the Bankruptcy Act, 11 U.S.C.A. § 96, certain moneys collected by the bank on assigned contracts...

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