In re Hilborn

BROWN, District Judge.

The question presented on this motion is whether the bankrupt’s initial offer of “terms of composition to his creditors” pursuant to section 12, can only be made at a special meeting of creditors called for that purpose, or whether it may properly be made at the first regularly called meeting of creditors after the examination of the bankrupt has been completed. The facts are as follows:

The bankrupt was adjudicated on his own petition on October 1, 1900. His scheduled debts amount to about $54,000. Tbe first meeting of creditors was held before the referee1 in charge on…