The two appeals were heard together.
Appellant executed a voluntary petition in bankruptcy on February 19, 1931 and filed it on the next day. He scheduled as assets: Liberty bonds, $200; clothing, $200; equity in automobile, $14. Under the law of Wisconsin these were exempt. He scheduled also an insurance policy which he stated has no cash value. The schedules also showed that on the day on which the petition was executed he paid to the law firm of Lowry & Beggs...
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