DocketNumber: No. 5862
Citation Numbers: 173 F.2d 219
Filed Date: 3/7/1949
Status: Precedential
Modified Date: 7/23/2022
The real estate sold by the trustee in bankruptcy in this case was appraised for more than twice the amount of the mortgage indebtedness, and hence the court was justified in ordering a sale free from liens. The sale was adequately advertised •and properly conducted. It is true that the price obtained was much less than the appraised value, and even less than the amount of the mortgage debt, but there is nothing in the record to justify the expectation that the property would bring more at a resale. The unsecured creditors do not
Affirmed.