Bidwell v. Bidwell
Supreme Court of Pennsylvania
Error to the Court of Common Pleas, No. 2, of Allegheny county: Of October and November Term 1879, No. 28. On the 15th day of August 1877, John C. Bichvell, the defendant, filed a petition in the District Court of the United States for the Western District of Pennsylvania, for the adjudication of himself in bankruptcy, and subsequently made a composition with his creditors at thirty cents on the dollar of their respective claims, payable in three instalments of ten per cent,…
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Error to the Court of Common Pleas, No. 2, of Allegheny county: Of October and November Term 1879, No. 28. On the 15th day of August 1877, John C. Bichvell, the defendant, filed a petition in the District Court of the United States for the Western District of Pennsylvania, for the adjudication of himself in bankruptcy, and subsequently made a composition with his creditors at thirty cents on the dollar of their respective claims, payable in three instalments of ten per cent, each, in six, twelve and eighteen months after confirmation by the court, which composition was duly confirmed and went…
1Opinion of the CourtJustice Trunkey
Section 17, of the Act of Congress of June 22d 1874, is an *64addendum to the 43d section of the Act of 1867, and provides a second mode for the discharge of bankrupts. It enacts that in all cases of bankruptcy, the creditors of the alleged bankrupt may, at a meeting called under the direction of the court, resolve that a composition proposed by the debtor shall be accepted in satisfaction of the debts due them ; that such resolution, to be operative, shall be passed by a majority in number and three-fourths in value of the creditors assembled, and confirmed by the signatures of the debtor and…
2Cases cited1 opinion
- In re BaylyU.S. Circuit Court for the District of Louisiana · 1879