Ragan v. Forbes

JOHNSON, Circuit Judge.

Benjamin P. Cheney was adjudicated a bankrupt on January 14, 1918.

In the schedules filed by Mm the American Ammonia Company appeared as a creditor in the amount of $136,000, holding as security 14,800 shares of its capital stock.

Upon September 17, 1918, the trustee filed a petition for leave to sell at public or private sale all of the assets of the estate of the bankrupt. On September 26, 1918, the American Ammonia Company filed objections to the sale, “for the reason that, certain shares of its capital stock are among said assets, and that it has a lien on said shares…