Amendment of Bankruptcy ActsU.S. Government Printing Office, 1910 |
Common terms and phrases
additional compensation adjudication administration allowed amendment of 1903 amount ancillary jurisdiction appointed receiver assets bank bankruptcy act bankruptcy court bankruptcy law BRANDENBURG cent Chairman and gentlemen clause commission committee compensation of receivers conducting the business corporation COUNSELOR AT LAW courts of equity creditors debtor debts discharge discretion district dollars duties entitled fact favor fees FESSENDEN filing fraudulent FREEDMAN give GREENHALL hear HINRICHS hold insolvent Judge HAND Judge Hough lawyer LEO OPPENHEIMER liens limitation marshal matter naked custodian notice OLMSTEAD operating receiver OPPENHEIMER OVERMAN person practice preference present law proceedings provision question reason receiver or trustee receivers and trustees receiverships recording REMINGTON Representative GILL Representative SHERLEY rule ruptcy Samel section 48 semicolons Senator BACON Senator DEPEW Senator NELSON Senator WARNER Sherley bill simply subdivision suggested surrender thing tion transfer trustee in bankruptcy turned words York City
Popular passages
Page 65 - ... and such trustees, 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 thereon...
Page 65 - Suits by the trustee shall only be brought or prosecuted in the courts where the bankrupt, whose estate is being administered by such trustee, might have brought or prosecuted them if proceedings in bankruptcy had not been instituted, unless by consent of the proposed defendant, except suits for the recovery of property under section sixty, sub-division b, and section sixty-seven, subdivision e.
Page 50 - Any natural person, except a wage-earner or a. person engaged chiefly in farming or the tillage of the soil, any unincorporated company, and any corporation engaged principally in manufacturing, trading, printing, publishing or mercantile pursuits, owing debts to the amount of one thousand dollars or over, may be adjudged an Involuntary bankrupt...
Page 73 - Liens given or accepted in good faith and not in contemplation of or in fraud upon this act, and for a present consideration, which have been recorded according to law, if record thereof was necessary in order to impart notice, shall not be affected by this act.
Page 67 - ... creditors of the pendency of such application and shall delay the hearing thereon for a reasonable time to allow all creditors and parties in interest an opportunity to be heard.
Page 65 - The trustee may avoid any transfer by the bankrupt of his property which any creditor or such bankrupt might have avoided, and may recover the property so transferred, or its value, from the person to whom it was transferred, unless he was a bona fide holder for value prior to the date of the adjudication.
Page 78 - A person shall be punished, by imprisonment for a period not to exceed 5 years, upon conviction of the offense of having knowingly and fraudulently appropriated to his own use, embezzled, spent, or unlawfully transferred any property or secreted or destroyed any document belonging to a bankrupt estate which came into his charge as trustee.
Page 63 - ... obtained money or property on credit upon a materially false statement in writing, made by him to any person or his representative for the purpose of obtaining credit from such person...
Page 65 - And for the purpose of such recovery any court of bankruptcy, as hereinbefore defined, and any State court which would have had jurisdiction if bankruptcy had not intervened, shall have concurrent jurisdiction.
Page 58 - ... owing debts to the amount of one thousand dollars or over, may be adjudged an involuntary bankrupt upon default or an impartial trial, and shall be subject to the provisions and entitled to the benefits of this Act.