Gross v. Shurte

LINDLEY, District Judge.

The trustee in bankruptcy sues to set aside a conveyance of certain real estate which the bankrupt conveyed to his daughter and she to the Edgar County National Bank, it being the intent thereby to mortgage the property to the bank to secure a previously unsecured debt of $4,000 which has not been paid. The property conveyed included the homestead of the bankrupt, and, under the statutes of Illinois, he was entitled to a homestead estate therein to the extent of $1,000 in value. By the conveyance, the bankrupt effectually conveyed and waived his estate of homestead in…