 | Massachusetts - Law - 1860 - 1158 pages
...there has been mutual credit given by the debtor and any other person, or mutual debts between them, ce president, tie other, and the balance shall be allowed or paid on either side. SECT. 27. "When a creditor has... | |
 | Illinois. Supreme Court - Law reports, digests, etc - 1916 - 710 pages
...credits between the estate of a bankrupt and a creditor the account shall be stated and one debt shall be set off against the other and the balance, only, shall be allowed or paid. (b) A set-off or counter-claim shall not be allowed in favor of any debtor of the bankrupt which (1)... | |
 | United States. Supreme Court - Law reports, digests, etc - 1874 - 726 pages
...Circuit Court for the Northern District of Illinois; the case being thus: The Bankrupt Act enacts:* " That in all cases of mutual debts or mutual credits...the account between them shall be stated, and one * 14 Stat. at Large, 526. ? 26. Argument in favor of the set-off. debt set off against the other, and... | |
 | United States - Bankruptcy - 1867 - 154 pages
...specified shall be proved or ;illowed against the estate. 98 SECTION TWENTY. And be it further enacted, That, in all cases of mutual debts or mutual credits...other, and the balance only shall be allowed or paid, but no set-off shall be allowed of a claim in its nature not provable against the estate: Provided,... | |
 | Edwin John James - Bankruptcy - 1867 - 348 pages
...specified shall be proved or allowed against ,' . the estate. SECTION 20. And be it further enacted, That in all cases of mutual debts or mutual credits...account between them shall be stated, and one debt . ' set-off against the Other, and the balance only shall be al- • „' lowed or paid, but no set-off... | |
 | 1867 - 498 pages
...above specified shall be proved or allowed against the estate. SEC. 20. And be it further enacted, That, in all cases of mutual debts or mutual credits...account between them shall be stated, and one debt set-off against the other, and the balance only shall be allowed or paid , but no set-off shall be... | |
 | Frederick Charles Brightly - Law - 1869 - 680 pages
...estate.(a) No debts other than those above specified shall be proved or allowed against the estate. (&) 41. d by the supreme Convict* to be court of said district, and the proceeds thereof applied other,(c) and the balance only shall be allowed or paid ; but no set-off shall be allowed of a claim... | |
 | Abraham Lansing - Law reports, digests, etc - 1871 - 604 pages
...in all Winslow r. Bliss. cases of mutual debts, or mutual credits, between the parties, the amount between them shall be stated, and one debt set off'...other, and the balance only shall be allowed or paid." There was no balance against the defendant and his partner, but a small balance still in their favor,... | |
 | Oliver Lorenzo Barbour, New York (State). Supreme Court - Law reports, digests, etc - 1871 - 706 pages
...standing to the credit of the defendants upon his books. By section 20 of the bankrupt act, it is enacted "that in all cases of mutual debts or mutual credits between the parties, the accounts between them shall be stated, and one debt set off against the other, and the balance only... | |
 | United States. District Court (Massachusetts), John Lowell - Law reports, digests, etc - 1872 - 644 pages
...time, in reference to cross-demands between the assignee of a bankrupt and a creditor of the estate, that " in all cases of mutual debts or mutual credits...other, and the balance only shall be allowed or paid." After some diversity of opinion, the leading case of Rose v. Hart, 8 Taunt. 499, appears to have been... | |
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In all cases of mutual debts or mutual credits between the estate of a bankrupt and a creditor the account shall be stated and one debt shall be set off against the other, and the balance only shall be allowed or paid. 
