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IN RE RICHARDS

No. 71-1285.

455 F.2d 281 (1972)

In the Matter of Ronald L. RICHARDS, a/k/a Ron Richards, Debtor, International Harvester Credit Corporation, Creditor-Appellant, v. William H. NICHOLLS, Jr., Trustee, Trustee-Appellee.

United States Court of Appeals, Sixth Circuit.

February 9, 1972.

Attorney(s) appearing for the Case

Charles H. Tobias, Jr., Cincinnati, Ohio, for creditor-appellant; Steer, Strauss, White & Tobias, Cincinnati, Ohio, on brief.

Robert W. Sawdey, Grand Rapids, Mich., for trustee-appellee; Porter, Day & Sawdey, Grand Rapids, Mich., on brief.

Before WEICK and EDWARDS, Circuit Judges, and McALLISTER, Senior Circuit Judge.

WEICK, Circuit Judge.

This appeal is from an order of the District Court affirming an order of the Referee in Bankruptcy which held invalid, as against the unsecured creditors of the bankrupt, two security agreements executed by the bankrupt prior to bankruptcy, as security for payment of the unpaid balance of purchase price of two International Harvester tractor trucks.

The reason given by the District Court was that the Financing Statement which was duly...

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