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WRAGG v. FEDERAL LAND BANK OF NEW ORLEANS

No. 9753.

125 F.2d 1003 (1942)

WRAGG v. FEDERAL LAND BANK OF NEW ORLEANS.

Circuit Court of Appeals, Fifth Circuit.

Rehearing Denied March 24, 1942.

Attorney(s) appearing for the Case

Walter J. Knabe and Jack Crenshaw, both of Montgomery, Ala., for appellant.

Benj. P. Crum, of Montgomery, Ala., for appellee.

Before FOSTER, HUTCHESON, and HOLMES, Circuit Judges.

HOLMES, Circuit Judge.

In 1934 appellant mortgaged her farm property in Alabama to the appellee. Nothing having been paid on the mortgage debt in 1937, the appellee sought and obtained a decree of foreclosure in the federal district court, and a special master was appointed to sell the land. Before the sale, appellant filed a petition under Section 75 of the Bankruptcy Act1 for the composition and extension of her debts. Appellee rejected...

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