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IN RE BASIC G. INDUSTRIES, INC.

No. 2531.

173 F.Supp. 903 (1959)

In the Matter of BASIC G. INDUSTRIES, INC., Bankrupt.

United States District Court S. D. Texas, Houston Division.

June 2, 1959.

Attorney(s) appearing for the Case

Liddell, Austin, Dawson & Huggins, Jack L. Brandon, Houston, Tex., for petitioner, Longhorn Const. Co.

Elbert Roberts, Houston, Tex., referee in bankruptcy.

H. A. Phillips, Houston, Tex., trustee.

INGRAHAM, District Judge.

The Longhorn Construction Company, hereafter referred to as "Longhorn", has petitioned for review of the referee's order disallowing its claim as a secured claim and allowing the same only as an unsecured claim in the amount of $5,471.01. This order was based upon the referee's finding that a chattel mortgage held by Longhorn on property it had sold to Basic G. Industries, Inc., hereafter referred to as "bankrupt", constituted a voidable...

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