Arbury v. Kocher

HAZEL, District Judge.

This is an action in equity to set aside, as void, a chattel mortgage executed by the bankrupt to defendant Koeher. The material facts show that on January 14,1924, defendant Etta F. Koeher, owner of a restaurant, bakery, and delicatessen store, agreed with the bankrupt, Jennie W. Rath, to sell her business, good will, equipment, and supplies on hand for $30,000, on terms of $5,000 to be paid on or before the delivery of a bill of sale, and the balance in monthly installments of $400, to be secured by promissory notes and a chattel mortgage covering the property sold,…