Lionel Millard Smith, Bankrupt v. Edward N. Juhan, Trustee in Bankruptcy, in the Matter of Lionel Millard Smith, Bankrupt

HILL, Circuit Judge.

The controversy here arose in the bankruptcy court during the course of the administration of a bankrupt’s estate.

Appellant, Lionel Millard Smith, was adjudicated a bankrupt in April, 1959, and appellee, Edward N. Juhan, was duly appointed and qualified as Trustee of the bankrupt’s estate. A portion of the assets of the estate consisted of certain real property located in Arvada, Colorado. This particular real property was appraised in July, 1959, at $10,000.00, upon order of the Referee in Bankruptcy and as provided for by statute. 1 Thereafter, the Trustee was not…