Lowman v. Federal Land Bank of Louisville

TREANOR, Circuit Judge.

This is an appeal from an order of the District Court of the United States for the Northern District of Indiana directing a public sale of the real estate and non-exempt personal property of the debtor-appellant. The debtor petitioned the District Court for leave to repurchase certain real estate owned by his estate and mortgaged to the creditor-appellee at the value fixed by the appraisers in the bankruptcy proceedings, the value being approximately "50% of the mortgage debt. The creditorappellee, the holder and owner of the mortgage debt, filed its answer to the…