In re Lohr

BRUCHHAUSEN, District Judge.

The respondent, The First National Bank and Trust Company of Bay Shore, New York, seeks a review of the decision and order of the Referee in Bankruptcy herein.

The facts are conceded. On September 19, 1952, Pro-Mar Motors, Inc. and Herbert C. Lohr, later adjudged a bankrupt herein, entered into a conditional sales contract pertaining to the sale of an automobile. The purchaser agreed to discharge the unpaid balance of the purchase price, amounting to the sum of $2416.20, in installments. The contract was thereupon assigned to the respondent. Prior to payment of said…