The American Law Times Volume 1

The American Law Times Volume 1

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1875 edition. Excerpt: ...He and the bankrupt, on the 30th of June, 868, executed their joint note to Sarah Lee for $100, payable, with interest, in six months after date thereof. Schindel paid the whole of this note. In 1872 he commenced his action against the bankrupt in the Circuit Court of VVas'hington County, Maryland, to recover the amount due him for the rent and one half the amount paid on the note, and on the 25th of March, 1873, judgment was rendered in his favor for $270.52, and costs, $8.30. On the 22d of April, 1873, this judgment was also duly proved as a debt' against the estate. By Article XI. of the Constitution of Virginia, adopted in 1869, it was provided that every householder or head of a family should be entitled, in addition to the articles then exempt from levy or distress for rent, to hold exempt from levy and sale under execution, &c., issued on any demand for any debt theretofore or thereafter contracted, his real and personal property, &c., to the value of $2,000, to be selected by him. An act of the General Assembly of Virginia, approved June 27, 1870, gave effect to this provision by prescribing in what manner and upon what conditions such householder could set apart and hold such exemption. Under the bankrupt law, as originally enacted, there was exempted from the assignment of property required to be made by the bankrupt to his assignee, among other things, such property as was exempt from levy and sale under execution by the laws of the State in which the bankrupt had his domicil at the time of the commencement of the proceedings in bankruptcy, to an amount not exceeding that allowed by such state exemption laws in force in the year 186-1. By an amendatory act passed on the 8th June, 1872, this provision was changed so as...show more

Product details

  • Paperback | 374 pages
  • 189 x 246 x 20mm | 667g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236765869
  • 9781236765864