Paradise Land & Livestock Co. v. Federal Land Bank

PHILLIPS, Circuit Judge.

Paradise Land and Livestock Company, a farming corporation, filed its petition for relief under § 75, subs, a-r, of the Bankruptcy Act, 11 U.S.C.A. § 203, subs. a-r.

The debtor, having failed to obtain an acceptance of a composition or extension proposal, filed its petition under subsection (s) of § 75 of the Bankruptcy Act. On June 16, 1938, the debtor was adjudged a bankrupt and the matter was referred to the Conciliation Commissioner for Cache County, Utah. An appraisal of all the property of the debtor was filed on July 9, 1938. On September 8, 1938, the…