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IN RE WOLFE

Bankruptcy No. 94-22347. Adv. No. 94-6189.

181 B.R. 90 (1995)

In re Leslie Ray WOLFE, Debtor. CANEY VALLEY NATIONAL BANK, Plaintiff, v. Gary ALEXANDER, Jennifer Alexander, and Louise A. Stralka, Defendants. Louise A. STRALKA, Third-Party Plaintiff, v. Edward J. NAZAR, Trustee for the Bankruptcy Estate of Leslie Ray Wolfe, Third-Party Defendant.

United States Bankruptcy Court, D. Kansas.

March 15, 1995.

Attorney(s) appearing for the Case

John M. Wall, Sedan, KS, for defendant and third-party plaintiff, Louise A. Stralka.

Mary Patricia Hesse of Redmond, Redmond & Nazar, Wichita, KS, for Edward J. Nazar, the Chapter 7 Trustee.

MEMORANDUM OPINION3

JOHN T. FLANNAGAN, Bankruptcy Judge.

The question before the Court is whether the purchaser of a landowner's oil and gas royalty at a trustee's sale has the right to rescind the sale and recoup her purchase price, adjusted for royalties she received after the purchase.4 The parties have filed briefs with agreed facts. Principles from the netherworld of Kansas oil and gas...

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