Case Name: Irving I. BASS, Trustee in Bankruptcy of Estate of Zipco, Inc., a corporation, bankrupt, Appellant, v. AETNA FACTORS CO., Fruehauf Trailer Co., and Com-Air Products, Inc., Appellees
Court: United States Court of Appeals for the Ninth Circuit
Jurisdiction: United States
Decision Date: 1959-12-07
Citations: 272 F.2d 707
Docket Number: Nos. 16042, 16228
Parties: Irving I. BASS, Trustee in Bankruptcy of Estate of Zipco, Inc., a corporation, bankrupt, Appellant, v. AETNA FACTORS CO., Fruehauf Trailer Co., and Com-Air Products, Inc., Appellees.
Judges: 
Reporter: Federal Reporter 2d Series
Volume: 272
Pages: 707–708

Head Matter:
Irving I. BASS, Trustee in Bankruptcy of Estate of Zipco, Inc., a corporation, bankrupt, Appellant, v. AETNA FACTORS CO., Fruehauf Trailer Co., and Com-Air Products, Inc., Appellees.
Nos. 16042, 16228.
United States Court of Appeals Ninth Circuit.
Dec. 7, 1959.
Craig, Weller & Laugharn, Frank C. Weller, Hubert F. Laugharn, Andrew F. Leoni, Joseph S. Potts, Jr., Norman E. Stolba, William E. Bartley, Los Angeles, Cal., for appellant.
Quittner, Stutman & Treister, Stanley A. Phipps, Los Angeles, Cal., Alex D. Fred, Beverly Hills, Cal., for appellee.
Before STEPHENS, CHAMBERS and BARNES, Circuit Judges.

Opinion:
PER CURIAM.
The trustee in bankruptcy in this case is seeking to obtain certain accounts receivable of the bankrupt which had been assigned to Aetna Factors Co. in violation of express terms of the contracts under which the accounts arose. The Bankruptcy Act empowers the trustee to reach any asset which an ideal lien creditor of the bankrupt could reach. 11 U.S.C.A. § 110, sub. c. The rights and powers of such a creditor are determined by state law. Under California law, the state in which the transaction occurred, a creditor would be unable to defeat the assignment. Johnston v. Landucci, 21 Cal.2d 63, 130 P.2d 405, 148 A.L.R. 1355. The judgment of the District Court holding that the trustee could not reach the accounts is affirmed.