Bigel v. Brandtjen Kluge, Inc.

One of the complainants is the receiver of Lippey Printers, Inc., an insolvent corporation. The other complainant is Photo-Lith, Inc., whose interest in the suit will appear in due course. The cause arises out of a chattel mortgage made by Lippey Printers to defendant Brandtjen Kluge, Inc., September 27th, 1937, four months before the bill was filed for the appointment of the receiver. The mortgage was given to secure $2,241, of which $1,796 was the purchase price of a printing press sold by defendant to Lippey Printers and $445 was interest and finance charge. Since the buyer was unable at…