Johnson v. Fountain

In Williams v. U. S. Fid. & Guar. Co., 236 U. S., 549, 59 L. Ed., 713, it is said: “It is tbe purpose of tbe bankrupt act to convert tbe assets of tbe bankrupt into cask for distribution among creditors, and tben to relieve an bonest debtor from tbe weight of oppressive indebtedness, and permit bim to start afresb free from obligations and responsibilities consequent upon business misfortunes.” Tbe provisions of tbe bankrupt act, enacted by Congress as authorized -by the Constitution of tbe United States, are just to creditors, and are founded upon a wise public policy. They assure each…