Levin v. Johnson

ALSCHULER, Circuit Judge.

Petition to revise oi’der of court in bankruptcy disallowing part of petitioner’s secured claim.

Petitioner had loaned bankrupt, an. Illinois corporation, $1,700 on chattel mortgage security, bankrupt giving his 12 notes of same date, of substantially equal amounts, aggregating $2,000, the first payable one month after its date, and the others at intervals of one month thereafter, all with interest from date at rate of 7 per cent, per annum, payable monthly. The petitioner states that the $300 of notes in excess of the $1,700 which bankrupt received on the loan was his…