Indeed, Shayne is literally having his office stripped bare by debt collectors when he is engaged by Brighton (Clarence Kolb) to keep an eye on his daughter Phyllis (Marjorie Weaver), who is overly fond of a flutter. Shayne manages to get her away from the clutches of a crook.
When that crook is found dead in Phyllis' car, Shayne has to work fast to clear the girl but he ends up being put in the frame himself by the police chief Painter (Donald MacBride). Shayne works with Phyllis and keen amateur detective Aunt Olivia (Elizabeth Patterson) to find the real culprit...
A fine crime B-movie with the usual fast changing action and maybe a little too much plot squeezed into the movie length. Nolan is an excellent Michael Shayne with the right amount of good humoured toughness and wise cracks.