Iverson v. Shorter
Supreme Court of Alabama
Writ of Error to the Court of Chancery for the 9th District. Iverson exhibited his bill against J. Gc. Shorter and L. S. Cato, alledging, that in. 1842, in the County Court of Barbour county,, he obtained judgment against Seth Lore and Edmund Sheppard, for $6,293, besides costs. On this judgment he sued out execution, which the sheriff of said county, on the 7th February, 1843, returned, no property.
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Writ of Error to the Court of Chancery for the 9th District. Iverson exhibited his bill against J. Gc. Shorter and L. S. Cato, alledging, that in. 1842, in the County Court of Barbour county,, he obtained judgment against Seth Lore and Edmund Sheppard, for $6,293, besides costs. On this judgment he sued out execution, which the sheriff of said county, on the 7th February, 1843, returned, no property. That from time to time he has continued to take execution, but hitherto without effect. - He then alledges, that the defendants, on the 1st of April, 1845, purchased at sheriff’s sale, certain…
1Opinion of the CourtGoldthwaite, J.
Without reciting in detail, the act passed in Janury, 1842, to prevent the sacrifice of real estate, it is sufficient to remark, that it provides for the redemption of the interest of the debtor, in any real estate which should thereafter be sold. The period within which the redemption may be made, is fixed at two years, and the right of redemption is given to the debtor, and to any bona -fide creditor — to the former upon offering 10 per cent, per annum to the purchaser, and to the latter, in addition to this, the offer to credit the debtor with a further sum of ten per cent, upon the amount…
2Cited by16 opinions
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