Iden v. New York Life Ins.

This is an appeal from an order dismissing proceedings instituted under Chapter XII of the Bankruptcy Act as amended by the Chandler Act, 11 U.S.C.A. §§ 801-926. Petitioner is the widow of B. F. Iden, who had executed a deed of trust on the 40 acre tract of land on which he was living to the New York Life Ins. Co. He devised a life estate in this property to.petitioner, who is now 85 years of age, with remainder to his five children. At the time of the filing of the petition on January 7, 1939, there was a balance due on the indebtedness secured by the deed of trust of approximately $4,000.…