Revision of the National Bankruptcy Act: Hearings Before a Subcommittee of the Committee on the Judiciary, United States Senate, Seventy-fifth Congress, Second Session, on H.R. 8046, and Act to Amend an Act Entitled "An Act to Establish a Uniform System of Bankruptcy Thoroughout the United States", Approved July 1, 1898, and Acts Amendatory Thereof and Supplementary Thereto; and to Repeal Section 76 Thereof and All Acts and Parts of Acts Inconsistent Therewith. November 23, 1937, January 19, 21, 25, and February 15, 1938Considers (75) H.R. 6439, (75) H.R. 8046. |
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Common terms and phrases
adjudication allowed Amend section American Bar Association amount application approval assets bank bankrupt Bankruptcy Act bankruptcy law bankruptcy proceedings Bar Association bond bondholders BROWNBACK Chairman Chandler bill chapter claims compensation confirmation Congress contracts corporate reorganization Court of Appeals creditors and stockholders debtor in possession debts delete district DOUGLAS eliminate equity receivership exemption expense Federal filed GERDES hearing HEUSTON House Judiciary Committee HUNT insert insolvency Interstate Commerce Commission investigation judge jurisdiction liquidation Maltbie matter ment national bankruptcy conference NESBIT newspaper notice permit person petition present prior procedure provisions question railroad receiver reference Representative CHANDLER ruptcy section 77B secured creditors Securities and Exchange Securities Exchange Commission security holders Senator O'MAHONEY Senator STEIWER SHEALEY situation statement subcommittee submitted suggested surety surety bond thereof tion transit commission usurious WHAM words York
Popular passages
Page 210 - And every association so designated as receiver or depositary of the public money shall take and receive at par all of the national currency bills, by whatever association issued, which have been paid into the Government for internal revenue, or for loans or stocks...
Page 130 - In applications for extensions the court shall require proof from each creditor filing a claim that such claim is free from usury as defined by the laws of the place where the debt is contracted.
Page 125 - No compensation or reimbursement shall be allowed to any committee or attorney, or other person acting in the proceedings in a representative or fiduciary capacity, who at any time after assuming to act in such capacity has purchased or sold such claims or stock, or by -whom or for whose account such claims or stock have, without the prior consent or subsequent approval of the judge, been otherwise acquired or transferred.
Page 59 - Acts of bankruptcy by a person shall consist of his having (1) conveyed, transferred, concealed, or removed, or permitted to be concealed or removed, any part of his property with intent to hinder, delay, or defraud his creditors, or any of them...
Page 200 - Upon the approval of a petition, the judge shall, if the indebtedness of a debtor, liquidated as to amount and not contingent as to liability, is $250,000 or over, appoint one or more trustees. Any trustee appointed under this chapter shall be disinterested and shall have the qualifications prescribed in section 45 of this Act, except that the trustee need not reside or have his office within the district. If such indebtedness is less than $250,000, the judge...
Page 122 - ... by or on behalf of stockholders holding the majority of stock, of which proofs have been filed and allowed, of each class, exclusive of creditors or stockholders or of any class of them who are not affected by the plan or whose claims or stock are disqualified pursuant to section 203 of this Act, or for whom payment or protection has been provided as prescribed...
Page 64 - The judge shall confirm a composition if satisfied that (1) it is for the best interests of the creditors ; (2) the bankrupt has not been guilty of any of the acts or failed to perform any of the duties which would be a bar to his discharge...
Page 59 - States as a holiday or as a day of public fasting or thanksgiving; (15) a person shall be deemed insolvent within the provisions of this Act whenever the aggregate of his property, exclusive of any property which he may have conveyed, transferred, concealed, or removed, or permitted to be concealed or removed, with intent to defraud, hinder or delay his creditors, shall not, at a fair valuation, be sufficient in amount to pay his debts...
Page 210 - ... receiver or depositary of the public money shall take and receive at par all of the national currency bills, by whatever association issued, which have been paid into the Government for internal revenue, or for loans or stocks: Provided, That the Secretary of the Treasury shall distribute the deposits herein provided for, as far as practicable, equitably between the different States and sections.
Page 205 - ... shall have and may exercise in addition to the powers conferred by this section all the powers, not inconsistent with this section, which a Federal court would have had if it had appointed a receiver in equity of the property of the debtor for any purpose.