Eibel v. Mechanics Loan & Savings Co.

A debtor sold and assigned all his '“homestead and exemption rights” to his creditor. Subsequently the bankruptcy court set apart, as an exemption to the debtor, his -“equity” in an automobile, the legal title to which remained in a third person under the debtor’s contract of purchase; also three bowling-alleys, which the debtor did not *350acquire until after the assignment of his exemption. The creditor filed a trover action against the debtor, for the recovery of the automobile and the bowling-alleys, claiming “title” to all the properties. The debtor excepted to a judgment in favor of the…