Preas v. Kirkpatrick & Burks

ALLEN, Circuit Judge-.

Appellant as debtor filed a petition in the District Court under the provisions of Title 11 U.S.C., § 822 et seq., 11 U.S.C.A. ■ § 822 et seq., alleging insolvency and praying for an extension of time for the payment of his debts, a reduction of the interest rate, and other similar relief.

Appellant was the owner of various, small hotel buildings, residences, and unimproved lots in Johnson City, Tennessee, the more valuable of the properties being *803in the hands of trustees under trust indentures. No application was made to the court for the appointment of a trustee (§ 832)…