A Treatise on the Bankrupt Laws

A Treatise on the Bankrupt Laws

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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. 1817 edition. Excerpt: ...hands of such assignee or as" signees respectively, and shall enquire for what reason any sum ' appearing to be in the hands of such assignee or assignees " ought to be retained, and thereupon shall declare a dividend " on the remaining sum, specifying in their order the sum so " allowed to be retained, and the grounds on which they may " conceive it proper that the same should be_ retained, and not " divided amongst the creditors." Assignees are to be allowed in their accounts and may retain all sums paid in issuing and prosecuting the commission, and all just allowances on account of their being assignees. And the commissioners must order such part of the neat produce of the bankrupt's estate as by the assignees' accounts or otherwise shall appear to be in the hands of the assignees, as they think fit, to be forthwith divided amongst such ofthe bankrupt's creditors who have duly proved their debts under the commission, in proportion to the quantity of their several debts. The commissioners must i make their order for a dividend in writing under their hands, and cause a part of such order to be filed amongst the proceedings (n) 5 Geo. 2. c. 30. s. 33. The The assignees in pursuance of such order, and without any deeds of distribution for that purpose, must forthwith make such dividend accordingly, and take receipts in a book to be kept for that purpose; and such order and receipt will be a full discharge to the assignees, for so much as they shall fairly pay pursuant to such order. (0) The solicitor to the commission may compute the dividends, and the expense thereof, and of preparing and copying a list of the debts, will be allowed in the assignees accounts. ( 12) If a...show more

Product details

  • Paperback | 240 pages
  • 189 x 246 x 13mm | 435g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236774337
  • 9781236774330