In re Timmermann
In re Timmermann
Opinion of the Court
When the Lord said ■ unto Cain: “Where is thy brother,” it is recorded that Cain replied “I know not. Am I my brother’s keeper?” The Scripture does not relate that Cain’s counter-question was ever answered, thus leaving each case of unbrotherly strife to be determined on its own facts.
In this bitter lawsuit between brother and brother, which comes from Umatilla county, it appears that affectionate and provident parents left two- brothers, John Timmermann, the debtor herein, and Ernest Timmermann, a body of valuable wheat land, but apparently little brotherly affection was included in the parental heritage; for now, John, the debtor herein, claims that Ernest- has borrowed $12,-000 on the property which Ernest inherited from the common parents, for the sole purpose of acquiring and foreclosing the mortgage of $16,500 which John is unable at this time to pay off in full on his share of the family .estate. John offers to. pay interest on his mortgage, now held by Ernest, at the rate of 7% per -year, to keep the taxes on the mortgaged land from becoming further, delinquent, .by paying each year’s taxes promptly as they become due, and, in addition, to assign to his litigious brother one-half of the gross yield in grain from a total of 605 acres, a proposition which the very able Conciliation Commissioner of Umatilla county reports will certainly yield to the creditor brother more than twice the usual and reasonable rental of the mortgaged premises.
One must travel a long ways to find another such exhibition of unbrotherly greed and obstinacy. The debtor brother .values his real estate at $43,000, and he obviously has ample resources, after allowing for substantial shrinkage in values, with which to pay the mortgage debt, as well as all other indebtedness, and obvious-* ly, as found by Commissioner Johnson, he
Given a reasonable opportunity to arrange his affairs, the debtor can without doubt save himself from the financial fratricide with which he is now threatened. It will be the aim of the Court to give him such opportunity.
The report of the Conciliation Commissioner is adopted, the motion to dismiss the proceedings denied, and foreclosure of the mortgage as well as all other proceedings by petitioner’s creditors are stayed until further order.
The rental provided by the FrazierLemke Act is “the usual customary rental in. the community where the property is located, based upon the rental value, net income, and the earning capacity' of the property.” 11 U.S.C.A. § 203(s) (2).
Reference
- Full Case Name
- In re TIMMERMANN
- Status
- Published