Pledger v. Bank of Lyerly

G. A. Pledger was adjudicated a bankrupt, and certain property was set aside to him as an exemption. Thereupon the Bank of Lyerly and others filed a petition in the superior court, seeking to subject the exempt property to the payment of certain notes held by them, in which all homestead exemptions were waived. A decree was rendered subjecting the property to these debts, and it was ordered sold. The exemption consisted of the equity in eighty acres of land, subject to an outstanding lien to secure an indebtedness of $900 principal, and interest thereon due to the Federal Land Bank of…