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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. "
The New York Supplement - Side 162
1916
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Revised Laws of Nevada: Containing State Statutes of a General ..., Volum 1

Nevada - 1912 - 1448 sider
...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. (6) A set-off or counterclaim shall not be allowed in favor of any debtor of the bankrupt...
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Cases on Private Corporations

George Folger Canfield - 1913 - 1026 sider
...debts or mutual credits between the parties, the 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 allowed of a claim in its nature not provable against the estate:...
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Ruling Case Law: As Developed and Established by the Decisions and ..., Volum 3

William Mark McKinney, Burdett Alberto Rich - 1914 - 1424 sider
...follows: "In all cases of mutual debts 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." 16 The section is almost a literal reproduction of a provision in the bankruptcy act of 1S67.17...
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Compiled Statutes of the United States, 1913: Embracing the ..., Volum 4

United States - 1914 - 1272 sider
...of mutual debts or mutual credits between the estate of a bankrupt and a creditor the account shall F/F0Fr E or paid. Possession of Property.—a A judge may, upon satisfactory proof, by affidavit, that a bankrupt...
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The Federal Statutes Annotated: Containing All the Laws of the ..., Volum 10

United States - 1914 - 962 sider
...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 agains-t the other, and the balance only shall be allowed or paid.' That section did not create the right of set-off but recognized its existence and provided...
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Hubbell's Legal Directory for Lawyers and Businessmen ...

1896 - 1644 sider
...same became due from day to dav, and not at such fixed and stated periods. In case of mutual debts, one debt shall be set off against the other, and the balance only allowed. But no set-off or counter-claim shall be allowed of a claim in favor of any debtor of the...
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Public and Local Acts of the Legislature of the State of Michigan

Michigan - 1915 - 1342 sider
...mutual debts or mutual credits between the estate of an assignor arid 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. A set-off or counter claim shall not be allowed in favor of any debtor of the assignor which...
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Credit, Its Principles and Practice: A Practical Work for Credit Men ...

Ben H. Blanton - 1915 - 328 sider
...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. b. A set-off or counterclaim shall not be allowed in favor of any debtor of the bankrupt which...
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The Judicature Act of 1915: And Other Acts Affecting Practice and Procedure ...

Michigan - 1915 - 632 sider
...mutual debts or mutual credits between the estate of an assignor 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. A set-off or counter claim shall not be allowed in favor of an}< debtor of the assignor which...
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Cases on the Law of Bankruptcy: Including the Law of Fraudulent Conveyances

Evans Holbrook, Ralph William Aigler - 1915 - 860 sider
...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. b A set-off or counterclaim shall not be allowed in favor of any debtor of the bankrupt which...
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