No. 56, Docket 28939. Argued October 7, 1964. Decided December 7, 1964. George A. Hahn, Hahn, Hessen, Margolis Ryan, New York City, for trustee-appellant. Asher Fensterheim, Fensterheim Fensterheim, New York City, for respondent. Before LUMBARD, Chief Judge, and HAYS, and ANDERSON, Circuit Judges. ANDERSON, Circuit Judge: In this action the Trustee in Bankruptcy has sought to have a chattel mortgage on certain tangible personal property of the Debtor, located in South Norwalk, Connecticut, declared