In re Ramblier Cafeteria, Inc.

HOUGH, Circuit Judge '(after stating the facts as above).

Section 230 of the New York Lien Law declares that an unfiled chattel mortgage “is absolutely void as against the creditors of the mortgagor, and as against subsequent purchasers and mortgagees in good faith.” The mortgage holder, Weil, contends that, although this mortgage may have been wholly void as against the creditors of M., the original mortgagor, it was valid between the original parties, and is valid between their successive, and respective assignees, and that the only creditors who can attack it for nonfiling are those of M.,…