In re Ronk

BAKER, District Judge.

This is a petition to review the order of the referee adjudging a chattel mortgage executed when the bankrupt was insolvent, and within four mont'hs of the adjudication, to be a valid and preferential lien over the claims of other creditors. The mortgage secures two notes,—one of $750 and one of $350,— with interest; each bearing date November 14, 1900^ and falling due in one year thereafter. The bankrupt is a householder, and entitled to an exemption of $600 under the statutes of the state. His entire estate above his exemption does not exceed the sum of $800, so that,…