In the Matter of Conny Sjostrom, Bankrupt. Conny Sjostrom v. Clifford E. Stoner, Trustee of the Bankrupt Estate of Conny Sjostrom, Bankrupt

CASTLE, Circuit Judge.

Conny Sjostrom, the bankrupt-appellant, prosecutes this appeal from an order of the District Court affirming the order of the referee in bankruptcy denying the bankrupt a homestead exemption in the proceeds from the sale of certain real estate. The appeal presents no factual dispute and the sole contested issue is whether the referee’s legal conclusion, affirmed by the District Court, represents the application of correct legal criteria.

The record discloses that in 1956 the bankrupt and his wife purchased as joint tenants a residence property in Rockford, Illinois, which…