Lavelle v. Steiner

By this appeal Bussell Firebaugh, as trustee in a trust deed, seeks to have a decree reversed which dismissed for want of equity an intervening petition filed by him, as trustee, in a proceeding brought on October 19, 1931, by complainant to foreclose a trust deed on certain premises described therein. The trust deed was given to secure a bond issue in the total sum of $250,000. Of the total issue, complainant in the instant case held $19,000, which, by an agreement with the trustee, had been subordinated to the remainder of the issue. On the day on which the bill herein was filed, the court…