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Wragg v. Federal Land Bank, 317 U.S. 325 (1943)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Wragg v. Federal Land Bank, 317 U.S. 325 (1943)
Wragg v. Federal Land Bank No. 172 Argued December 10, 1942 Decided January 4, 1943 317 U.S. 325
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE FIFTH CIRCUIT
Syllabus
1. A farmer-debtor, whose petition under § 75 of the Bankruptcy Act has been dismissed and whose application to reopen the proceeding has been denied, may initiate a new proceeding under § 75 where he retains a property interest which could be administered in such a proceeding. P. 327.
2. The statutory right of a farmer-debtor, in Alabama, to redeem after foreclosure of a mortgage, whether it be denominated a property right or a privilege, is an interest within the jurisdiction of the bankruptcy court, and capable of administration under § 75 of the Bankruptcy Act. Pp. 328-329.
3. Section 75 of the Bankruptcy Act prescribes its own criteria for determining what property interests may be brought within the jurisdiction of the court. In the interpretation and application of the Bankruptcy Act as in the case of other federal statutes, federal, not local, law applies. P. 328.
125 F.2d 1003 reversed.
CERTIORARI, post, p. 608, to review the affirmance of a judgment of the bankruptcy court (34 F.Supp. 374) which denied an application to reopen a proceeding under § 75 of the Bankruptcy Act or for permission to begin a new proceeding under that Section.
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Chicago: U.S. Supreme Court, "Syllabus," Wragg v. Federal Land Bank, 317 U.S. 325 (1943) in 317 U.S. 325 Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=H4YUWQSFYKIAZT7.
MLA: U.S. Supreme Court. "Syllabus." Wragg v. Federal Land Bank, 317 U.S. 325 (1943), in 317 U.S. 325, Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=H4YUWQSFYKIAZT7.
Harvard: U.S. Supreme Court, 'Syllabus' in Wragg v. Federal Land Bank, 317 U.S. 325 (1943). cited in 1943, 317 U.S. 325. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=H4YUWQSFYKIAZT7.
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