In re Demarest
District Court, D. New Jersey
In Bankruptcy. On exceptions to order of referee. The following is the order of Referee Atwood L,. De Coster: The property of the bankrupts was sold by the United States marshal, under order of this court, prior to adjudication of bankruptcy. After the trustee in bankruptcy qualified, the clerk of court paid to trustee the net proceeds from the sale, amounting to $755.48. This was all the property belonging to the bankrupts.
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In Bankruptcy. On exceptions to order of referee. The following is the order of Referee Atwood L,. De Coster: The property of the bankrupts was sold by the United States marshal, under order of this court, prior to adjudication of bankruptcy. After the trustee in bankruptcy qualified, the clerk of court paid to trustee the net proceeds from the sale, amounting to $755.48. This was all the property belonging to the bankrupts. They had no property excepting partnership property. The claims proved amount to over $3,900. Albert W. Demarest is a married' man, the head of a family, a resident of…
1Opinion of the Court
KIRKPATRICK, District Judge.
This matter comes before the court on exceptions to the order of the referee refusing to allow to the bankrupts an exemption of $200 out of the partnership assets. The statute of the state of New Jersey, title “Executions” (Gen. St. p. Í421, § 35), provides that goods and chattels of every kind, not exceeding in value two hundred dollars, the property of any debtor having a family resident in this state, shall be reserved for the use of the family, and shall not be liable to be seized in execution. The goods and chattels exempted by the act must be the property of…
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