IN RE AXEL


103 F.Supp. 810 (1951)

In re AXEL.

United States District Court S. D. New York.

October 13, 1951.


Attorney(s) appearing for the Case

Freiman & Brecher, New York City (Louis Jay Brecher, New York City, of counsel), for Bankrupt.

Henry W. Parker, New York City, for objector.


S. H. KAUFMAN, District Judge.

This is a petition to review an order of a referee denying petitioner a discharge in bankruptcy.

The objecting creditor is the Industrial Bank of Commerce. In December 1947, petitioner borrowed $3,360 from this bank, giving as security a chattel mortgage on an automobile. Subsequently, on petitioner's failure to pay the note, the car was sold, and the proceeds of the sale were applied in reduction of the loan. There remained...

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