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ASSOCIATES FINANCIAL SERVICES v. McCLENDON

No. 9737.

367 So.2d 91 (1979)

ASSOCIATES FINANCIAL SERVICES, INC. v. Edwin C. McCLENDON.

Court of Appeal of Louisiana, Fourth Circuit.

January 9, 1979.

Attorney(s) appearing for the Case

Jacob Karno, Metairie, for plaintiff-appellant.

Robert J. Skinner, Metairie, for defendant-appellee, First Metropolitan Bank.

Grant & Barrow, Jo Ellen McMillen, Gretna, for garnishee-appellee, Jefferson Parish School Board.

Before LEMMON, BOUTALL and BEER, JJ.

LEMMON, Judge.

This is a contest between two conflicting creditors of Edwin McClendon, whose wages have been garnisheed by one of the creditors.

On April 27, 1977 McClendon had executed a "Pledge and Assignment of Proceeds Services", whereby in order to secure a $38,344.42 loan McClendon did "pledge and/or assign, transfer, set over and deliver" to the First Metropolitan Bank "any and all sums now due and owing to the said McClendon or that may hereafter become...

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