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NATIONAL ACCEPTANCE COMPANY OF AMERICA v. BLACKFORD

No. 26104.

408 F.2d 20 (1969)

NATIONAL ACCEPTANCE COMPANY OF AMERICA, Appellant, v. Frank S. BLACKFORD, Trustee in Bankruptcy of the Estate of Shelco Building Corporation, Bankrupt, Appellee.

United States Court of Appeals Fifth Circuit.

March 3, 1969.

Attorney(s) appearing for the Case

Nolan B. Harmon, Archer D. Smith, III, Atlanta, Ga., George I. Case, Jr., Birmingham, Ala., Harmon & Thackston, Atlanta, Ga., McGowen & McGowen, Birmingham, Ala., for appellant.

Charles L. Denaburg, Robert Loeb, Denaburg & Jones, Silberman, Silberman & Loeb, Birmingham, Ala., for appellee.

Before THORNBERRY and AINSWORTH, Circuit Judges, and DAWKINS, District Judge.

DAWKINS, District Judge:

Appellant, National Acceptance Company of America (NACA), claimed the security of a factor's lien in the bankruptcy of Shelco Building Corporation (Bankrupt). NACA's claim in that respect was contested by appellee, Frank S. Blackford, the Trustee. The Referee disallowed NACA's claim on several grounds and the United States District Court for the Northern District of Alabama, upon review, affirmed the Referee's rulings. This appeal followed...

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