Case ID: f_109/html/0627-01.html
Source: Caselaw Access Project
Author: {"author": "WHEELER, District Judge.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

In re GIBBS.
    (District Court, D. Vermont.
    June 12, 1901.)
    Bankruptcy — Administration of Estate — Adjustment of Liens.
    A court of bankruptcy will not undertake to determine or adjust liens upon property oí the bankrupt, unless it appears that the trustee has at least a probable interest in it for the creditors.
    In Bankruptcy. On petition of trustee in relation to homestead property of bankrupt.
    Chester W. Witters, for mortgagee.
    Farrington & Post, for heirs.
    C. D. Watson, pro se.
   WHEELER, District Judge.

The report of the referee of August 1, 1900, did not show the value of the property in question, nor in any way but that the trustee would have an.interest in it for the creditors, and it was immediately recommitted for a report of that value, as well as for a report as to issue of the marriage of the bankrupt. (D. C.) 103 Fed. 782. How, on the coming of the supplemental report, embracing other matters as well, the trustee appears to have no prospect of any interest in the property for the creditors, and consequently no occasion to interfere with it. Courts of bankruptcy adjust liens to ascertain and have realized for the creditors the interest, or probable interest, of the trustee. If there is no interest, it has np occasion for making such adjustment. Petition of trustee dismissed.