Scott v. Grinstead
Scott v. Grinstead
Opinion of the Court
Opinion by
The Fayette Circuit Court had assumed jurisdiction of this case, in which was involved the distribution of the entire estate of the appellant before the proceeding was instituted in the bankrupt court. The appellant had made an assignment of all of his estate for the benefit of creditors and his assignee had filed a petition for a sale and distribution. There was embraced in the assignment the remainder interest of the appellant in a tract of land in the county of Clark, and this interest was not sold under the first
While this suit was pending and before the sale of the Clark county land the appellant hied his petition in bankruptcy, was adjudged a bankrupt, and the remainder interest in the Clark county land assigned him as a homestead. The Fayette Circuit Court, having prior to that time with full and complete jurisdiction undertaken to sell the estate so as to make distribution, ordered a sale of the remainder interest, which was the homestead assigned the appellant. -The proceeding in the bankrupt court did not oust the circuit court of its jurisdiction, and a purchaser under the judgment of that court will hold the land. There was no exception made to the report of sale or any effort of the appellant to assert his right to the homestead in the case pending in the circuit court, and the- present action by him is for the recovery of the land upon the idea that the sale by the Fayette Circuit Court is void. It is not alleged or shown that the chancellor has sold his homestead or that he was occupying it as such, but the claim is asserted by reason of the assignment alleged to have been made by the bankrupt court; and, therefore, the Fayette Circuit Court having the jurisdiction to order the sale, we see no reason why the purchaser is not invested with the title.
A further ground for setting aside the sale is that the purchase, although made in the name of Grinstead, was made really for the benefit of and by the commissioner who made the sale. This is denied by the answer, and the proof is conclusive that the property was purchased for Grinstead. The price paid was fifty dollars, and was an inadequate consideration, and some of the creditors who had the right to complain withdrew any objection to the sale by reason of the payment by Grinstead of some two hundred dollars in addition, which was applied to the payment of appellant’s debts and is shown to be a full consideration for the land. It also appears that this failed to satisfy the demands of creditors. It is claimed in the brief of appellant that there is no denial of the fact that the land was purchased by and for the commis
Reference
- Full Case Name
- Wm. Scott v. James A. Grinstead
- Cited By
- 1 case
- Status
- Published