Blackford v. Commercial Credit Corp.

GROOMS, District Judge.

This is an action by the Trustee in Bankruptcy of Munro-Van Helms Company (hereinafter referred to as “bankrupt”) to recover from Commercial Credit Corporation (hereinafter referred to as “defendant”), a creditor of the bankrupt, the sum of $109,897.97.

The sum in question represents moneys collected from various account debtors of the bankrupt since the date of bankruptcy. The defendant collected the money pursuant to written assignments to it of these accounts receivable by the bankrupt prior to bankruptcy. For each account so assigned the defendant advanced to the…