First Nat. Bank of Shreveport v. Sharp

HUTCHESON, Circuit Judge.

On a petition filed April 22, 1929; the Handy Andy Community Stores, of Louisiana, Inc., a Louisiana corporation domiciled at Shreveport, which operates six retail grocery stores, was on June 2, 1929 adjudicated bankrupt. On July 9, 1929 the First National Bank of Shreveport, Louisiana, appellant here, filed its proof of claim upon a note of the bankrupt for $15,000, dated February 20, 1929, secured by chattel mortgage on all furniture and fixtures in all of the bankrupt’s stores. The proof of claim set up that the property covered by the mortgage had been sold under…