An equitable lien, acquired on stock of merchandise in Utah by sellers thereof when buyer refused to give sellers a chattel mortgage thereon to secure balance of purchase price, as required by conditional sale contract, was not contrary to declared policy of 1950 Bankruptcy Act amendment, where sellers were not required by Utah law to do anything further to perfect lien, so that buyer’s subsequent delivery of merchandise to sellers in satisfaction of lien did not constitute preferential transfer prohibited by Bankruptcy Act. Porter v. Searle 228 F.2d 748 C.A.10 (1955).
Do you need help with protecting your assets in Maryland, Virginia, New York, or Massachusetts? Are you in danger of having your house foreclosed? If so, contact the bankruptcy attorneys of the SRIS Law Group. Our bankruptcy attorneys will discuss the facts of your case with you and advise you of your options.
The SRIS Law Group bankruptcy attorneys focus on assisting clients primarily with chapter 7 bankruptcy in Virginia, Maryland, New York, & Massachusetts. We have bankruptcy attorneys located at our Virginia offices in Fairfax, Manassas, Richmond, Virginia Beach, & Lynchburg . Our Maryland bankruptcy offices are in Rockville & Annapolis. If you need help or have bankruptcy questions, then contact the bankruptcy attorneys of the SRIS Law Group, PC, to speak with a competent bankruptcy lawyer about your case.
Sris Law Group, PC
4008 Williamsburg Court
Fairfax , Virginia 22032
(703) 278-0405
1.888.437.7747
Bankruptcy Attorney
