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IN RE LEADER FURNITURE CO.

No. 19054.

36 F.Supp. 986 (1939)

In re LEADER FURNITURE CO.

District Court, E. D. Pennsylvania.

January 9, 1939.

Attorney(s) appearing for the Case

John G. Callender and George H. Kaercher, both of Pottsville, Pa., for petitioner.

Jenkins, Bennett & Libby, of Philadelphia, Pa., for trustee.

L. Halpern Miller and Wexler & Weisman, all of Philadelphia, Pa., for Acceptance Corporation.

KIRKPATRICK, District Judge.

This case presents a contest between two successive assignees of the bankrupt's accounts receivable. Each assignee advanced money to the bankrupt upon the security of its assignment. The bankrupt was in the furniture business, and made sales upon bailment lease contracts, at the same time opening a separate account upon its books against each of the purchasers.

When Acceptance Corporation...

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