Brennan v. Home Owners' Loan Corp.

Appellant in August, 1935, filed in the court below a petition in bankruptcy designed to obtain an extension of five years within which to pay his debts. Section 74 (e) of the act, as amended, 11 U.S.C.A. § 202(e). The petition was approved and referred to the referee. The schedules showed indebtedness to Home Owners’' Loan Corporation of $12,832.80 secured by deed of trust on property in Missouri, together with $566.00 of accrued taxes, and unsecured indebtedness amounting to $42,-961.34. There was the usual first creditors’ meeting, at which debtor filed his proposal to creditors to effect…