Cramer v. Wildwood Development Co.

This appeal is from a decree declaring a deed of trust to be null and void and ordering the clerk of the court to release it of record. Each of the appellees contend that the appeal should be dismissed because it was not taken in time. To understand the contention it is necessary to state the facts in some detail.

In June, 1957, all of the then existing creditors of Wild-wood, a Maryland corporation, by written agreement between Wildwood and a committee representing such creditors, postponed their claims, and some of them released liens, in exchange for a note of Wildwood for $40,000.00,…