| Show PROCEDURE IN BANKRUPTCY Differences Between Voluntary and and Involuntary Cases 1UIaII LIST OF IJOTII CIASSKS einl I Tun Illwhariir Ill I 111 Tlin lar < iilegnrd > lor < rrtllir and llrlilir 011km I Tho general I Hall Lake public bus Iml n liany Idea 01 Ihe new Ilinkmplcy law or ni I tllle U I An nit lo tt Inblldi u uniform nyitem of bunkriipt cy Ihroughoul the United male One cnuo ot IhU lit I due lu tho fart Hilt meil if Ito working take lIfts In whit Ia I known ntnorg lawyer na chamber nnd not In the open I rut In farm the inline proceeding occur Inn I In-n mecuure out nt Ihe pub Ir view In Ihe npnrlmenl nt Ihe nferec In bankruptcy cy nnd art > eldom teen In I Ihe public prln IlHIOHLOPTIIi LAW The law I wa model for u IwotoM ltirpoieihnt of hlplng Hi I honel debtor srI taken by I uln > lr iml I followed fol-lowed by I until It iKiiunc I hnpoMlble for him In etr clear 1 lilmMf from hIs burden if dehl I without heroic relief ain < > for Ihe hurls e of comiclllng the dlhonet ilehlor In leal July by imie iredllor nnd lo n far no pomlhle irelMt 1 lIons crelllor from Ias llenro I then nro two I ilauc 1 of bankrupt bank-rupt I voluntary I and Intoluntnry A toluntary bankrupt according orr see lion I or Iho lot referred lo I ran U I any eroii uh I t owe debt A corporation howeter Iexreplisl I Huh em lion h nf the iiiino moth onhalco thai Any maitmul 1 moran n eeeI anlseen roe itt a 1 rwmre ngageTlclhleflylnlt or Ihe tillage nf the toll sIll Incnrpor Mel c it loyanI 1 mimy eorlmmnblaul en rI principally In manufacturing I trading priming I puhllihlng f nr mercantile mer-cantile tube Oil owing llehl tn Ih amount of nnu thouiand dollar nr IVo ilay to IIoIJuII1 IIIVlluIR bnkur nina drul or on 1IIIrl tll aol hllil ho I nuljem I to Ih Irl vlohona and entlllM to Iho Inm lf Ihl net ITIiate banker but not nation na-tion I bank or Lank lnrorp < > rnle < l under un-der HI 1 or territorial law I may lie adjudge Involuntary binkrupK All of bankruptcy hall ronlut fat f-at one having com eyed transferred ciincuaulul or tinuvel or hertmllhet tll in l romrnleil ne removed nny > nrt nf hi I property with Intent lo defraud I hli cmlllon or who had lrnnfrrre1 nhlle Inikdtenl any ilnlemty wIll In lent In l prefer one creditor lo nnolhr A iielltlon may IKI lllel at slImy 11 ullhln four month nfler an act uf bankruptcy ha been rnmmlllcd 111111NI TIIITJ The tnllrd Hlaln dlilrlet court hate leau I dnlgnaled to iry all bank ruplry laden Iniiddlllon lo tIe Judge nf time courtnHto new otncee hAY lumen l creulrd by the acllhone of nferin nnd Iruitee tin ilutleitf itie referee are In d 10 mini dltl I lenl Vnamlne all Mhedule of Pr holly and lid ut creditor nicd by bankrupt furnlh inch Infonnntlon Ia mn > Iw I a kc < t by tItan lnterete1 I I give notice In I crMllor keei record 1 of erldenre and recvlto all paper con cernlng the cams from the clerk of Iho dUlrlcl court Th triirtee practically U the admin Ulralor nf the etate In Innkruplcy and lobule I up under Ihe llrctlon of Iho court TWO IXAI DIHCIIAIKIKH The law hit plnceil 1 micny nfegiiarda II i rounl Ihe creditor and nr I cu careful In ha working that only two men In I Ihe Htate ot Ilah hate ne > cl 1 been Uncharged Un-charged by Ih ecoarte In It enactment enact-ment There are M I Well nf Hilt tJik City and John II Ilinh llrlchitm V Hampton I Iman applied for hhn dli charge next the ca e coming UI on Monday nsl nsllOt Till 1 ON WIT DKIITOIt The ltlIO Iy whlrh 11ft hone l debiimc ORI Ihnne o f Imis IurtoI 01 debt and I 10111 l life anew In brief ama am-a follow The tint Mrp taken by the toluntury bankrupt li I to tile u petition In bankrupliy In the Unlleil Htate illntrlct murl 1 In thl pttltlon he semu I forth ltu Ibcblllllm and aneel Hiving u Hit of hl credllon unt Ihe ntnounl of the obUntlon The court then taken Ihe matter up and dm Ide mc In whether wheth-er he In I I binkrm or not K he In I al 1 Judged H bankrupt the wholn mailer Ic I turned otrr lu Iho referee The Judge tlxe a day when the bankrupt I hall ap > eiir InCurs tho referee whu appoint ap-point n certain time for Ihe 118 McrrriNct OP cnnntTOiis xrcvloua In lImbo lie piiblluhe In A newpnpvr dellgnated by Ihe Judge na the oiltclal organ nf the court n nollca of luch meeting The reteroo aIit silica ten lay not Ire through the mall In men of Ihi xheduled creditor of the day of uch meeting Th law provide that the notlco by nol mint I ten daya before thn meeting and lha one through the proa at 101 I one tteek before that time On tIme day 1 nf the meeting nil the rredllon tvho tvUh In 11 file with Ihn referee Ihel alpA Only rlulma that ure verified nnd filed with tIle referee are notice I or allowed The fart that clalma r rcheduled by the bankrupt dot not make them tall I unleu they non allowed 1 al-lowed by I Ihe referee CltllUITOItH AIIOINT A TIlUflTHi The refeive mont lIen al thi meeting The bankrupt In nworn nnd exiimlned B to hi tie merIt and 110 111101 n1 A ioeomonatdarn 11 Ia I taken or kin IM tlmony Any other wItoeooeswhuaro Ihoucht to be OhIo lu throw lIt U < m Ihe matter nrc olo examlneii nt thl meeting The creditor whone claim hate been lllnl and nllornl and 1 > are prenent C the mectlnir then appoint ap-point n tensile In lake charge ot the bankrupt I property In Meeting n truitro n majority both ot claim aol amount I neHmry After Iho si ltlion of 1 trutrfl ltio liond In flxed by I tho creilitot In Ihe etinl of no Iruilee being delected at the lltt meeting and nny claim are filed and nol If there appear to Iw I any nwt tithe ti-the enate I I Ihie duty of the rcrer to npjiolnt n trulee Within len laid I nrier the electioii of n Iriinlee 1 II Is I Ida duty to qualify and file hi bond with two urrtl lie thin take I harir nf i the hoolerly and rtmrl what hp Hnd to Ihe referee 1 Is i hi duty 01mm In 501 anIle the exemption If nny lore been niet Ih enempllomi It city hate fame n provided 1 In Ihe Htale law In hlo reKirt Ihe trule ndvlce Ihe ref ereee as In nhat ho think I 110 hon lnrnuie of dlntxnlng nf the I property nnd It the mKle ln 0 Illnu In npprnve1 b > Hie eredllor nnd If no nbjetlnn In made the pniperty li I dlm ed of In I hot way MiflQIINT ITIO I The ril 1 ny raIl oulIInl mlloA UII cr01010 eieItmuehaaeoe If II he l IhnlVghi tieceiiaryTheliti Ire mint reimrt to the referee will Ihl loll hey nOte > ulin < allon Hlvl lend are dee tired n fail an Ihre I ryemn ugh n Rb n nft hoe eli paymnt Afirrlhenet p Tre x kuliohi th whole rniitler I reiorle < l lo Ihe court nnl If the proceeding nr I It tie ie Ii chaerui APPLICATION Foil DIHlIIAIldf The bankrupt baymhylyttmo time aCtor thirty ilny o SI within on I jvnr nrter lieing adjudge 1 a tmnkrupi for hun I rhrgi Notice of In I apill ration I glen to all lIla creditor and other portle In I Inlnrcet and If n ol h jnIIns are rrred Im I Is I dlMhargiMl li Hie court on hearing Ihe cam After the bankrupt han I won lIe charted H Jenlntl II I Ihe law I that I may IH nell ku1 at nny time within nne year I II npimnn nt trial that Ihe llirhnrge had ben nblnlne1 by I fraud INVDIHSTAIIY IIANKIIPPTH The ptHelure Ill C0005 of Intolun Iney bankrupt y in I Imllo In loom f luntnry ltketmptcy thilteohng 1mm lb main onle In ha lbs hued A gnitI I I bw ne his Iunly Ilohullon lR h11 t tiled ho I hUU1 In hat m u Hint by I juit I PTAII IIANKlirlT rAKIW Th fillnwlllg hate been adjudged I hlk plti 17 Ike lOllch Illotes Oh Ih t r r I 11 John II Iliob 116 0 N I Idle 1 ltoiofurd lh I 1 Y 11 1 e I rlk long W hUIl n t 0 II 1 nllnon Kbiaor 1 luimoro I ilItaug I I Y llnmtt I JI hn II Hlntion P It King thane S Vlllir Aniu hIcK 11mm J P I Mill elui Mil-l HnmtiFt Hpry M 1 Well Lmiy oel j Carol II Conon fleorga lIon r l-Ion and William Vn lii |
