148 F. 377 | 8th Cir. | 1906
The question in this case is whether a chattel mortgage taken by the appellant upon the property of the bankrupt constitutes a voidable preference under section 60b ,of the bankruptcy act (Act. July 1, 1898, c. 541, 30 Stat. 562 [U. S. Comp. St. 1901, p. 3445]), as amended by Act Feb. 5, 1903, c. 487, § 13, 32 Stat. 799 [U. S. Comp. St. Supp. 1905, p. 689]. Since it appears without dispute that the mortgage was secured within four months before the filing of the petition and the maker was insolvent at the time, the question may be more narrowly stated: Had the appellant or its attorney who attended to the matter reasonable cause to believe that a preference was intended by the bankrupt? The referee answered in the affirmative, and he was sustained by the District Court.
The order is affirmed.