In re Iowa Falls Mfg. Co.

Citations

• 140 F. 527
• 1905 U.S. Dist. LEXIS 96

Syllabus

<p>Bankruptcy — Commissions of Referee.</p> <p>Where mortgaged property of a bankrupt did not come into possession of his trustee nor of the bankruptcy court, and all that was realized therefrom for the estate was a sum received by the trustee in compromise of a suit brought by him against the mortgagee, and the latter did not participate in the proceedings nor avail itself of the services of the court or its officers in realizing on its securities, but foreclosed in the state court, the commissions of the referee are to be computed only on the sum actually disbursed by the trustee to creditors, and not on the value of the mortgaged property.</p>