In re Packard Press, Inc.

(after stating the facts as above). It must be remembered, in dealing with matters of lien, or rights arising from liens, that the bankruptcy trustee does not stand merely in the bankrupt’s shoes. Since the amendment of 1910 he has by statute all the rights and powers of a judgment creditor holding an execution duly returned unsatisfied. Section 47a (Comp. St. § 9631). Even before that amendment, defective filing of a chattel mortgage was usually hold to vitiate it in bankruptcy. ■ Remington, § 1373. In this circuit, and in respect of mortgages under the New York statute, that holding was…