Wright v. Logan

ALSCHULER, Circuit Judge.

Appellants (the debtors) submitted to the bankruptcy court a proposition for a five-year extension of their debts, pursuant to section 74 of the Bankruptcy Act (11 U. S. C. § 202 [11 USCA § 202]). Upon hearing, the referee denied confirmation of the proposed extension, which ruling was confirmed by the District • Court, and-is the subject-matter of this appeal.

It appears that the debtors owed appel-lee Logan about $4,000, and had given him as security therefor a mortgage on their forty-acre farm; that Logan had filed a bill to foreclose the mortgage, which resulted in…