In the Matter of Madeline Dorr Taylor, Debtor-Appellant v. B. G. Wood and Mary D. Wood, Creditors-Appellees

Debtor-appellant, Madeline Dorr Taylor, filed a petition on July 15, 1969 for a real property arrangement under Chapter XII of the Bankruptcy Act, 11 U. S.C. 801 et seq. Appellees, B. G. Wood and Mary D. Wood, the sole affected creditor, hold a deed of trust covering the property.

Following a hearing on November 5, 1969 the referee found that the Woods declined to accept the debtor’s plan, which in effect was simply a request for “reasonable time in which to sell” the property; that the Woods had been restrained from foreclosing their deed of trust since the inception of the proceedings; and…