Show j The Bankrupt Bill I Wahington 6The bankruptcy bill S reported in the Senate provides that when I a person without fraud shall become involved in debts of 550J and upwards which he could not pay he may apply I by petition iloi i equity to a United States Ditrict court setting forth the cause of his imolvency and scheduling his liabilities liabi-lities and assets and may surrender his estate for the benefit of his creditors except ex-cept such as may be exempt from execution execu-tion The court shall adjudge him a bankrupt if good cause appear and appoint ap-point a receiver and serve notice to all interested and distribute the estate according ac-cording to the rules ol equity and there was no fraud the petitioner shall be discharged dis-charged as a bankrupt When a person absents or conceals himself or irnud ulently transfers property or otherwise attempts to defraud his creditors the i latter DIlLY ask and the court may extend ex-tend or thY the proceedings Preferred creditor may be mode of those who loaned the bankrupt money for sickness or in good faith to avert bankruptcy or other necessity If any creditor has oppressively op-pressively sought to force a debtor into bankruptcy or other necessity If any creditor has oppressively sought to force a debtor into bankruptcy or obtain any fraudulent advantage over other creditors credi-tors the court may deny participation in the estate i |