...7. Pleading and Practice. — Where involuntary petition averred that alleged bankrupt had admitted in writing its inability to pay its debts and its willingness to be adjudged bankrupt, and alleged bankrupt consented to adjudication, filing answer admitting allegations of petition,...

...preference, but the admission in writing by the board of directors of the inability of the corporation to pay its debts and its willingness to be adjudged a bankrupt is set forth as an act of bankruptcy which will entitle the creditors to an adjudication, if, for the...

...prevent them from admitting, for the benefit of the creditors generally, that the corporation is unable to pay its debts, and its willingness to be adjudged a bankrupt "oh that ground under the federal law. The trial was completed on the 3d day of October, and decision...

...a resolve was passed directing the president to admit in writing, for the company and In its name, its inability to pay its debts and its willingness to be adjudged a bankrupt on that ground; and the petition in bankruptcy was filed against It August 28, 1911. It appears that Butterfield, having...

...orders, to wit, on November 18, 1915, the Sherman Company admitted, in an instrument duly executed, its inability to pay its debts and its willingness to be adjudged bankrupt. On the day of the filing of the petition for adjudication in bankruptcy, November 19, 1915,...

...laws of Massachusetts do not permit the officers or the directors of a manufacturing corporation to admit, in writing, its inability to pay its debts...willingness to be adjudged a bankrupt on that ground, even when ratified by a vote of the stockholders after the petition is filed;20 and that an admission...

...Henry Taylor Lumber Company, — alleging the insolvency of the corporation, "and that it has admitted in writing its inability to pay Its debts and its...willingness to be adjudged a bankrupt on that ground." An adjudication of bankruptcy was entered on March 2, 1900, being the same day the petition therefor...

...corporation who were charged with the conduct of its business, declare the inability of the corporation to pay its debts, and its willingness to be adjudged a bankrupt, in accordance with the legal requirements specified. 8511 While a writing in the exact words of the...

...corporation who were charged with the conduct of its business, declare the inability of the corporation to pay its debts, and its willingness to be adjudged a bankrupt, in accordance with the legal requirements specified.18 While a writing in 8. Collier, Bankr.. 6th ed.,...

...well as a natural person, may, by authority of its board of directors, make an admission in writing of its inability to pay its debts and its willingness to be adjudged a bankrupt on that ground, and may thereon be adjudged a bankrupt (29). It is also well settled that insolvency in such a proceeding,...