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" In all cases of mutual debts or mutual credits between the estate of a bankrupt and a creditor the account shall be stated and one debt shall be set off against the other, and the balance only shall be allowed or paid. "
Weekly Notes of Cases Argued and Determined in the Supreme Court of ... - Página 247
1881
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The General Statutes of the Commonwealth of Massachusetts, Volume 1

Massachusetts - 1860 - 1158 páginas
...there has been mutual credit given by the debtor and any other person, or mutual debts between them, ce president, tie other, and the balance shall be allowed or paid on either side. SECT. 27. "When a creditor has...
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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volume 269

Illinois. Supreme Court - 1916 - 710 páginas
...credits between the estate of a bankrupt and a creditor the account shall be stated and one debt shall be set off against the other and the balance, only, shall be allowed or paid. (b) A set-off or counter-claim shall not be allowed in favor of any debtor of the bankrupt which (1)...
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Cases Argued and Adjudged in the Supreme Court of the United States, Volume 18

United States. Supreme Court - 1874 - 726 páginas
...Circuit Court for the Northern District of Illinois; the case being thus: The Bankrupt Act enacts:* " That in all cases of mutual debts or mutual credits...the account between them shall be stated, and one * 14 Stat. at Large, 526. ? 26. Argument in favor of the set-off. debt set off against the other, and...
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Bankrupt Law of 1867 and Syllabus of Contents: Together with the Rules and ...

United States - 1867 - 154 páginas
...specified shall be proved or ;illowed against the estate. 98 SECTION TWENTY. And be it further enacted, That, in all cases of mutual debts or mutual credits...other, and the balance only shall be allowed or paid, but no set-off shall be allowed of a claim in its nature not provable against the estate: Provided,...
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The Bankrupt Law of the United States, 1867,: With Notes, and a Collection ...

Edwin John James - 1867 - 348 páginas
...specified shall be proved or allowed against ,' . the estate. SECTION 20. And be it further enacted, That in all cases of mutual debts or mutual credits...account between them shall be stated, and one debt . ' set-off against the Other, and the balance only shall be al- • „' lowed or paid, but no set-off...
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The Merchants' Magazine and Commercial Review, Volume 56

1867 - 498 páginas
...above specified shall be proved or allowed against the estate. SEC. 20. And be it further enacted, That, in all cases of mutual debts or mutual credits...account between them shall be stated, and one debt set-off against the other, and the balance only shall be allowed or paid , but no set-off shall be...
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An Analytical Digest of the Laws of the United States, Volume 2

Frederick Charles Brightly - 1869 - 680 páginas
...estate.(a) No debts other than those above specified shall be proved or allowed against the estate. (&) 41. d by the supreme Convict* to be court of said district, and the proceeds thereof applied other,(c) and the balance only shall be allowed or paid ; but no set-off shall be allowed of a claim...
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Reports of Cases Argued and Determined in the Supreme Court of the ..., Volume 3

Abraham Lansing - 1871 - 604 páginas
...in all Winslow r. Bliss. cases of mutual debts, or mutual credits, between the parties, the amount between them shall be stated, and one debt set off'...other, and the balance only shall be allowed or paid." There was no balance against the defendant and his partner, but a small balance still in their favor,...
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Reports of Cases in Law and Equity in the Supreme Court of the State of New York

Oliver Lorenzo Barbour, New York (State). Supreme Court - 1871 - 706 páginas
...standing to the credit of the defendants upon his books. By section 20 of the bankrupt act, it is enacted "that in all cases of mutual debts or mutual credits between the parties, the accounts between them shall be stated, and one debt set off against the other, and the balance only...
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Judgments Delivered in the Courts of the United States for the ..., Volume 1

United States. District Court (Massachusetts), John Lowell - 1872 - 644 páginas
...time, in reference to cross-demands between the assignee of a bankrupt and a creditor of the estate, that " in all cases of mutual debts or mutual credits...other, and the balance only shall be allowed or paid." After some diversity of opinion, the leading case of Rose v. Hart, 8 Taunt. 499, appears to have been...
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