Legal Opinion

In re Heyman

District Court, S.D. New York

Decided July 25, 1899PublishedCited by 6 opinions

In Bankruptcy. On review of decision of referee in bankruptcy.

1Opinion of the Court

THOMAS, District Judge.

The question for decision is whether a surety may discharge a part of a debt due from a bankrupt, and be at once subrogated pro tanto to the rights of the creditor, and prove his claim against the estate. Section 57, subd. i, provides:

*801“Whenever a creditor, whoso claim against a bankrupt estate is secured by the individual undertaking of any person, fails to prove such claim, such person may do so In the creditor’s name, and if he discharge such undertaking in whole or in part lie shall be subrogated to that extent to the rights of the creditor.”

Rev. St. § 5070…

2Cases cited4 opinions

  1. Madison Square Bank v. PierceNew York Court of Appeals · 1893
  2. In re EllerhorstDistrict Court, D. California · 1871
  3. In re HollisterDistrict Court, E.D. Kentucky · 1880
  4. Reed v. DingessU.S. Circuit Court for the District of West Virginia · 1893

3Cited by6 opinions

  1. Swarts v. Fourth National BankCourt of Appeals for the Eighth Circuit · 1902
  2. In Re MillerCourt of Appeals for the Second Circuit · 1939
  3. In re DillonDistrict Court, D. Massachusetts · 1900
  4. In re Buildice Co.District Court, N.D. Illinois · 1956
  5. United States v. BurkeCourt of Appeals for the Second Circuit · 1939

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