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An ACT to Establish a Uniform System of Bankruptcy Throughout the United States

An ACT to Establish a Uniform System of Bankruptcy Throughout the United States


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About the Book

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. 1880 edition. Excerpt: ... AN ACT To Establish A Uniform System Of Bankruptcy Throughout The United States. Be it enacted by the Senate and House of Representatives of the United States in Congress assembled, that--SECTION 1. The District Courts of the United States are constituted courts of bankruptcy, and shall have, in their respective districts, original jurisdiction iu all matters and proceedings in bankruptcy. SECTION 2. The jurisdiction conferred upon the District Courts as courts of bankruptcy shall extend--First. To all cases and controversies arising between the bankrupt and any creditor or creditors who shall claim any debt or demand under the bankruptcy. Second. To the collection of all the assets of the bankrupt. Third. To the ascertainment and liquidation of the liens and other specific liens thereon. Fourth. To the adjustment of the various priorities and conflicting interests of all parties. Fifth. To the marshaling and disposition of the different funds and assets, so as to secure the rights of all parties and due distribution of the assets among all the creditors. Sixth. To all acts, matters, and things to be done under and in virtue of the bankruptcy, until the final distribution and settlement of the estate of the bankrupt and the close of the proceedings in bankruptcy. Provided, however, that the assignee or trustee of any estate in bankruptcy may, at his option, collect any claims or assets (not including equitable demands) due the said estate, in any of the courts of the State having jurisdiction of claims of such nature and amount, where such bankrupt or the person or persons against whom the demand is made resides. SECTION 3. The District Courts shall be always open for the transaction of business in the exercise of their jurisdiction as...


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Product Details
  • ISBN-13: 9781151730732
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 26
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 1151730734
  • Publisher Date: 12 Oct 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 68 gr

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