In re Central Stamping & Mfg. Co.

LEVIN, District Judge.

This is a motion by a debtor in possession under a reorganization proceeding to declare a chattel mortgage executed by it, prior to the filing of a petition for reorganization, invalid against creditors, for the reason that the mortgage fails to comply with the requirements of the 'Michigan Chattel Mortgage Recording and Filing Statute, Comp.Laws 1929, Sec. 13424, as amended, Pub.Acts 1935, No. 129, and for a reclassification of the claim of the mortgagee respondent herein, as an unsecured claim.

During the month of October, 1946, the debtor executed a chattel mortgage to…