The Law of Bankruptcy, and Debtor and Creditor: Containing the Text of the Federal Bankruptcy Law

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Callaghan, 1917 - 326 páginas

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Página 163 - The court shall order the trustee to pay all taxes legally due and owing by the bankrupt to the United States, state, county, district, or municipality In advance of the payment of dividends to creditors...
Página 162 - Debts of the bankrupt may be proved and allowed against his estate which are (1) a fixed liability, as evidenced by a judgment or an instrument in writing, absolutely owing at the time of the filing of the petition against him, whether then payable or not, with any interest thereon which would have been recoverable at that date, or with a rebate of interest upon such as were not then payable and did not bear interest...
Página 61 - States; or (5) admitted in writing his inability to pay his debts and his willingness to be adjudged a bankrupt on that ground.
Página 163 - ... founded upon an open account, or upon a contract express or implied ; and (5) founded upon provable debts reduced to judgments after the filing of the petition and before the consideration of the bankrupt's application for a discharge...
Página 167 - That all conveyances, transfers, assignments, or incumbrances of his property, or any part thereof, made or given by a person adjudged a bankrupt under the provisions of this Act subsequent to the passage of this Act and within four months prior to the filing of the petition, with the intent and purpose on his part to hinder, delay, or defraud his creditors...
Página 160 - ... transfer will be to enable any one of his creditors to obtain a greater percentage of his debt than any other of such creditors of the same class.
Página 124 - acts of bankruptcy by a person shall consist of his having (1) conveyed, transferred, concealed, or removed, or permitted to be concealed or removed, any part of his property with intent to hinder...
Página 133 - A discharge in bankruptcy shall release a bankrupt from all of his provable debts, except such as (1) Are due as a tax levied by the United States, the State, county, district, or municipality in which he resides ; (2) Are judgments in actions for frauds, or obtaining property by false pretenses or false representations, or for willful and malicious injuries to the person or property of another...
Página 148 - ... as to all property in the custody or coming into the custody of the bankruptcy court, shall be deemed vested with all the rights, remedies, and powers of a creditor holding a lien by legal or equitable proceedings...
Página 132 - The judge shall confirm a composition if satisfied that (1) it is for the best interests of the creditors; (2) the bankrupt has not been guilty of any of the acts or failed to perform any of the duties which would be a bar to his discharge; and (3) the offer and its acceptance are in good faith and have not been made or procured except as herein provided, or by any means, promises, or acts herein forbidden.

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