In re Casaudoumecq

The bankrupt, Jean Casaudoumecq, a farmer, filed his petition for agricultural composition and extension under Section 75 of the Bankruptcy Act of 1938, 11 U.S. C.A. § 203, on December 5, 1938. The petition was approved on January 6, 1939. A great variety of proceedings were had in the case, which is still pending.

The petition was amended, an adjudication in bankruptcy was made, and a trus- 11 U.S.C.A., § 203 , sub. s. tee appointed on October 15, 1947, under Section 75, .sub. s of the Bankruptcy Act,

On April 24, 1952, Henry D. French, the trustee, filed his petition to sell three parcels of real estate belonging to the bankrupt. The petition alleged that the property had been appraised on April 12, 1952, by an appraiser appointed by the Commissioner-Referee, who placed the value of the property at $4000.00. The petition stated that a bid had been received from Ben K. Kazarian and Ben K. Kazarian, Jr., to buy the property for $3875.00. The petition asked for authority to make the sale at the stated price, in the event a higher bid was not received on or before the date of the hearing. The Trustee gave notice of sale for two o’clock P.M. on May 14, 1952.

On that day, the…