Sullivan v. Tofflemoyer

BRATTON, Circuit Judge.

This is a proceeding under section 75 of the National Bankruptcy Act, as amended, 11 U.S.C.A. § 203. On November 3, 1938, John William To'fflemoyer, hereinafter called the debtor, filed his petition in the court below in which it was recited that he was engaged in farming operations ; that he was insolvent; and that he desired to effect a composition or extension of time in which to pay his debts under such section. He scheduled assets valued at $6,900, and debts aggregating $4,378. His assets consisted of 800 acres of land in Colorado valued at $6,000 and personal…