Exchange Bank of Kahoka v. Morgan

THOMAS, Circuit Judge.

This is an appeal by a claimant in a bankruptcy proceeding from a judgment and order of the United States District Court for the Eastern District of Missouri. The order appealed from affirmed an order of the referee which allowed the claim filed by appellant, Exchange Bank of Kahoka, Missouri, for $1,612 as a secured claim, and for $3,634.80 as an unsecured claim. The total claim was for $5,182.33 and interest. Appellant’s contention is that its claim should be allowed in full as a secured claim.

The circumstances involved may be stated briefly. The bankrupt, Werner Smith…