In Re Cotter

LEVIN, District Judge.

'The petitioner, Union Investment 'Company, a creditor of the bankrupt, seeks a review of an order by the referee holding invalid, as to the trustee of the estate in bankruptcy, a lien held by the petitioner on an automobile belonging to the bankrupt.

The stipulated facts disclose that on May 24, 1950, the bankrupt borrowed money from the petitioner and gave in return his promissory note for $1,665.91 which sum included a finance charge. The note provided for monthly payments and matured in one year. It was secured by a chattel mort gage on the automobile, which was…