Hearings Before the Committee on the Judiciary, House of Representatives, Sixty-eighth Congress, First-second Sessions ...
U. S. Government print, Office, 1925
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amendment answer appointed assets Association attorney bankrupt bankruptcy BARRETT believe bench bill Brown BYRER called chairman charge Clarksburg CLAYTON clerk Coffman committee condition Congress CONIFF copy counsel counties course court creditors Department discharge district drink DYER effect Elkins equal evidence fact Federal filed follows FOSTER gentlemen give GREER HANDLON HANNEN hear HITESHEW House Judge Baker Koontz legislation letter liquor marshal matter MATTHEWS mean MICHENER Miss months MOORE NESBITT never night occasion official receivers organization paid party passed PERLMAN person petition position practice present PREYSZ proceedings prohibition proposed question reason recall receiver record reference remember representing Sawa SCHUCK Senator SMITH statement suggest taken talking tell term testimony thing tion told took trustee understand United Wheeling witness women York
Page 20 - ... suffered a judgment to be entered against himself in favor of any person, or made a transfer of any of his property, and the effect of the enforcement of such judgment or 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.
Page 11 - 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...
Page 5 - ... a person shall be deemed insolvent within the provisions of this act whenever the aggregate of his property, exclusive of any property which he may have conveyed, transferred, concealed, or removed, or permitted to be concealed or removed, with intent to defraud, hinder or delay his creditors, shall not, at a fair valuation, be sufficient in amount to pay his debts.
Page 7 - ... parties in interest a reasonable opportunity to be fully heard; and investigate the merits of the application and discharge the applicant, unless he has...
Page 11 - Claims shall not be proved against a bankrupt estate subsequent to one year after the adjudication; or if they are liquidated by litigation and the final judgment therein is rendered within thirty days before or after the expiration of such time, then within sixty days after the rendition of such judgment: Provided, That the right of infants and insane persons without guardians, without notice of the proceedings, may continue six months longer. SEC. 58. NOTICES TO CREDITORS. — a Creditors shall...
Page 92 - No corporation shall issue stocks or bonds except for money, labor done, or money or property actually received, and all fictitious increase of stock or indebtedness shall be void.
Page 7 - Any person may, after the expiration of one month and within the next twelve months subsequent to being adjudged a bankrupt, file an application for a discharge in the court of bankruptcy in which the proceedings are pending ; if it shall be made to appear to the judge that the bankrupt was unavoidably prevented from filing it within such time, it may be filed within but not after the expiration of the next six months.
Page 6 - Such time shall not expire until four months after (1) the date of the recording or registering of the transfer or assignment when the act consists in having made a transfer of any of his property with intent to hinder, delay, or defraud his creditors or for the purpose of giving a preference as hereinbefore provided, or a general assignment for the benefit of his creditors, if by law such recording or registering is required or permitted, or, if it is not, from the date when the beneficiary takes...
Page 92 - Any creditor of the corporation may institute joint or several actions against any of its stockholders, for the proportion of his claim payable by each, and in such action the court must ascertain the proportion of the claim or debt for which each defendant is liable, and a several judgment must be rendered against each, in conformity therewith.