Legal Opinion
In the Matter of Princeton Rubber Co., Inc., Bankrupt. Irving Trust Company v. C. Wylie Allen, Trustee
Court of Appeals for the Seventh Circuit
Decided December 3, 1959No. 12637PublishedCited by 5 opinions
1Opinion of the Court
DUFFY, Circuit Judge.
Irving Trust Company (Irving) instituted a reclamation proceeding to reclaim certain machinery and equipment, consisting of twenty-eight items, which were covered by a chattel mortgage given by Princeton Rubber Company, Inc. (Princeton) to L. Albert & Son (Albert).
Princeton originally filed for an arrangement but was later adjudicated a bankrupt. In the ensuing liquidation of its property, the machinery and equipment in question were sold by the Trustee pursuant to court order, the lien of Irving to attach to the proceeds.
The Referee held that the chattel mortgage…
2Cases cited3 opinions
- In Re Danville Hotel Co.District Court, E.D. Illinois · 1929
- Steen v. GraceCourt of Appeals for the Seventh Circuit · 1958
- Avon Chair Co., Inc. v. Essex Restaurant, C.New Jersey Court of Chancery · 1942
3Cited by5 opinions
- King-Porter Company v. ScanlonCourt of Appeals for the Fifth Circuit · 1971
- In the Matter of Kokomo Times Pub. and Printing Corp.District Court, S.D. Indiana · 1968
- Brown v. Universal C.I.T. Credit Corp.Court of Appeals for the Seventh Circuit · 1964
- Mills Morris Co. of Mississippi, Inc. v. ScanlonCourt of Appeals for the Fifth Circuit · 1971
- Brown v. UniversalCourt of Appeals for the Seventh Circuit · 1964