Havens v. Mohme Aero Engineering Corp.

The defendant was adjudged by this court to be insolvent, and a receiver was thereupon appointed to liquidate and distribute its assets. One John H.B. Dalrymple presented to the receiver for allowance a claim evidenced by a chattel mortgage, to which more specific reference will presently be made. The successor receiver, upon examination of the claim and inquiry concerning the circumstances accompanying the execution of the mortgage, resolved that the claim ought not to be accorded preferential recognition in the distribution of assets among the creditors. The creditor is aggrieved by the…