The Bankruptcy Act of 1898, Annotated and Explained; With the Amendments Thereto, All the Important and Latest Federal and State Decisions Thereon, and the General Orders and Forms Established by the U.S. Supreme Court

The Bankruptcy Act of 1898, Annotated and Explained; With the Amendments Thereto, All the Important and Latest Federal and State Decisions Thereon, and the General Orders and Forms Established by the U.S. Supreme Court

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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. 1904 edition. Excerpt: ...less than three creditors have joined as petitioners therein, and the answer avers the existence of a larger number of creditors, there shall be filed with the answer a list under oath of all the creditors, with their addresses, and thereupon the court shall cause all such creditors to be notified of the pendency of such petition and shall delay the hearing upon such petition for a reasonable time, to the end that parties in interest shall have an opportunity to be heard; if upon such hearing it shall appear that a sufficient number have joined in such petition, or if prior to or during such hearing a sufficient number shall join therein, the case may be proceeded with, but otherwise it shall be dismissed. " e. In computing the number of creditors of a bankrupt for the purpose of determining how many creditors must join in the petition, such creditors as were employed by him at the time of the filing of the petition or are related to him by consanguinity or affinity within the third degree, as determined by the common law, and have not joined in the petition, shall not be counted. " f. Creditors other than original petitioners may at any time enter their appearance and join in the petition, or file an answer and be heard in opposition to the prayer of the petition. "g. A voluntary or involuntary petition shall not be dismissed by the petitioner or petitioners or for want of prosecution or by consent of parties until after notice to the creditors." a. "Any gualrj/fled person may file a petition." See 4 a, ante. b. " Three or more creditors." One claim separated into three parts for this purpose only will not suffice as the basis 1 of a petition by the three holders. In re Independent...show more

Product details

  • Paperback | 68 pages
  • 189 x 246 x 4mm | 141g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236984250
  • 9781236984258