Levy v. American Wholesale Corp.

1. While it is true that the confirmation of a composition, proposed by a bankrupt to his creditors, followed by a dismissal of the case, has the effect of discharging- him from all ordinary claims provable in bankruptcy (Glover Grocery Co. v. Dorne, 116 Ga. 216, 42 S. E. 347), neither such a proceeding by composition nor an actual discharge in bankruptcy has the effect of divesting a creditor’s title to property owned by him in the hands of the bankrupt. Smith v. Turner, 141 Ga. 313 (80 S. E. 993); Long v. McIntosh, 129 Ga. 660, 662 (59 S. E. 779, 16 L. R. A. (N. S.) 1043, 12 Ann. Cas. 263);…