The Statesman.
London, England, 1819-05-27 00:00:00

-•4

TUE NEW INSOLVENT BILL.

The new Insolvent Debtors' Dill authorises his
Ilijesty so appoint thin Barristers, of Ws years
si4iiiiing at the least. to be Conssoissiosers for she
I:etief of lostiltiitit Debtors. it is to he a Caere of
Iterord. The Commissioners stets sppeint a Chief
Clerk, four Assissant Clerks, and a previsions, As.
signor ; they shall haws power to compel she atle:.d.
of ail , she prodsetioss of books, papers,
end aritioR., awl of coesseistiog for stontempt ;as
%sell as of being their officers for negligence or
'May.

' The said Commieslooms, Chief Clerk, and other
Office's to take iso fee' mosey, gratuity, or reward
from any salter ; our shill soy part of the proceed-
ings be liable to stamp or other duty eltatsnoesr.
Ass person its custody for debt fourteen days, may
apply for their discharge. The Petition to commis
a schedule of their debts, us well as of all the effects,
rest sod personal, in possation„ retersior, or im-
perfect?, ; and of all debts owing to them.
In ease any person shall have been in custody on
wresoeptocess for nine months, oithoot daisies the
ber.efit of this Act—or shall have been charged in
executi.n upon 'judgment —k shall below'sl for any
one creditor to the amount of pounds, or for
ony too to the amount of ,to apply by Peti-
tion to the said Coed, and sects prisoner shall be
compelled to surrender his or her property for the
benttit of all lbe creditors; and the same forms and
conditions shall be observed as in-tho case of a so.
funtary appliestion for relief. In ease any person
shell retina to deliver such schedule of their elects,
Ike. the Court shall be empowered to imprison them
in the common Jail or Hasse of Correction, there to
be kept to hard labour until ho shall submit himself
to the said Court.

All the estate of a prisoner, real. es well free.
bold and copyhold, as customary, and ill personal
effects sod debts, eacept wearing apparel, bedding,
•c. shall be vested In the provisional Assignee—ass
allowance to in made by such Assignee for the sop-
port and maintenance of the prisoner.
Notice of the Petitions being filed to he inserted
in the London Casette, and two other Newspapers,
end shall appoint a day for the creditors to appror
before ono of the said Commissioners •itbin one
calendar month, to prove their respective debts, sod
to choose an Assignee or Assignees; and there is a
provision for verifying the eirbis of creditors ar s dig.
lance or abroad. The As.ignee or Assignees, chosen
by the 'majority Is vales of the creditors, shall keep
books of the assets received, to which all the credi-
tor. shall have free access.

The Cosnesissineers to be authorised to compel
witnesses to attend to prove nr disprove debis,and cc-
amine them on oath, and allow or disallow ; claims
not satisfactorily proved, an appeal to be from the
decision of one Commissioner to the Curt, whirl'
shall finally determine the same. And in case a Cr..
ditor shall neglect to prove his dein, he shall for ever
be debated from recovering the same.
The one Commissiti. if who *hall have to cosine
the schedule, end toe troth of the stateessnots
therein, as well as the manlier in which the debts
wore contracted, and if the debtor shall have
put his creditors to enoecessary espence by yes-
Clone or frivolous defence, itc. such Commissioner
shell report the same to the Court.
Th. provisional Assignees shall make over to the
the Assignees chosen by the creditors all the estate
and effects of the prisoner. The Assignees appointed
by the creditors to be authorised to see for and re-
cover the debts, ke. And there is a clause to oblige
the debtor to matte discharges, kc. They shall
make sale of all the effects, upon dee notice In the
(.arette end two Newspapers, kr. ;end the Assignees,
•1 the end of three months, shall make a jest dividend
of all fends that shall hese come into their hands.
Alortrages made prior to the filing of the schedule
not to be subject to the Asignees.
Where debtors are tenants en estates for life, with
power to grant leases, the NMI power to be trans-
fee tsd to the Assignees. Assignees to be allowed to ,
compound with the debtors of the prisoner, with the'
coosent of the creditors. Its case Assignees shall not
di•charge the tryst, the Court shall arrest and commit
them to NI, without bail or mainprize, until they
account for the proceeds of the estate.
Oct the heal esaminarinn of a prisoner, creditors
whose debts have been allowed may pet gentians to I
hies touching the matters in his Petir..n, and such
other matters es the Court shall judge to be it and
proper to enquire into. If the pekoe's shall answer
satisfactorily, the Court shall order his discharge at .
the end of sic months from the date of his commit.
writ. If the opposition shall be deemed frivolous
and vexatious, coats to be granted to liim. But if it
shall appear that the prisoner has contracted any of
his debts lewd's:stilly, wi,homt having any reason.-
or probikk expedation the same, the
Cons t shall extend the tei as of confinement from
six months to a period not exceeding three years;
end in rase the prisoner shall have put any of bus
creditors to unnecessary expense by vexatious or
bivalves defence to any scion, then his confinement
may be intended to a period not exceeding twelve
months ; or if he shall have fraudulently and wit- I
folly omitted in his schedule effects to the amount of
then he shall not be discharged soder a period
not exceeding nine menthe.
The Court, upon application by three-fourths of
the creditors in number and valet, may order the
immediate discharge of the prisoner from custody,
provided that such prisoner shall not have cootracted
any of the debts fraudulently.
On the discharge of a prisoner, Pediment shall be
entered op in one of the sorrier Coot ts—and in case
his debts shall not exceed 50G1. then the judgement
shall Ire entered op for a less seen, if a Petition to
t at effect shall he presented to tae Court by three.
fourths in neither and value of the creditors.
Prisoners who take a false oath to sour the
pelialties of perjury.
lit case any person discharged shall come We the
pus.ession of any S:ock in the Public jeer's which
tiejuJgment entered up could not touch, the Assignees
me) apply to the Corm, setting forth the case, and
she Court may [(wand the debtor to custody, in the
s ;wit jail, nil roles or liberties, until he shalt sir.
seeder ..ucti tundl.

11.1)0t A tu•••;.• or S liritors in the serer or
U! 1. sLSto be a::uoet: to or • !his Ceti tt.