In re Storey

The debtor filed her petition on September 4, 1934, to have the advantages of section 75 of the Bankruptcy Act, as amended (11 USCA § 203). This section relates exclusively to “agricultural compositions and extensions.” The relief therein described is extended to “farmers” only. “Farmer” is defined in the act as being “any individual who is personally bona fide engaged primarily in farming operations or the principal part of whose income is derived from farming operations.” Section 75 (r), 11 USCA § 75 (r). The debtor in her original petition alleged that the principal part of her income was derived from farming operations. She specified particularly an orange grove, located at Glendora in Los Angeles county, consisting of approximately ten acres, as constituting her farm property. By her schedules it is shown that she owns various other property, including a brick business building at Balboa, Cal. The Glendora property and the brick business block at Balboa are mortgaged. The Pacific States Savings & Loan Company is the owner of the trust deed securing a debt in the amount of $19,141.24 on the latter property. While the original proceeding was pending, looking toward a…