DECISION ON APPLICATION FOR AN ORDER APPROVING SALE
EDWARD J. RYAN, Bankruptcy Judge.
Donald R. Chapin and John Peter Hayden, Jr., each filed a petition under Chapter 7 of the Bankruptcy Code. A trustee was appointed in each case and the trustee requests that the court approve the sale of property owned jointly by the debtors, Chapin and Hayden.
On August 1, 1975, one Edith B. Knight sold an option to purchase real estate to the debtors for the nominal...
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