Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1842-02-22
Bankrupt Law.

INVOLUNTARY.
I. Uniform system. established.
.. Voluntary bankrupt, who so
deemed and declared, or not. Pc
tiIion, what to show, and how verif
ed.
3. Involuntary bankrupt, who liable
to BECOME and be declared, and in
what cases.
l. Departing from the State to de-
fraud creditors.
,. Avoiding arrest by concealmeht.
3. Procuring arrest fraudulently.
. 4.Procurng goods &c. 70 be attach
5. Removing or cOnceaIing goods,
&c.
g. Conveying goods &c. fraudu-
lenily.
4. jury trial. of fact of involuntary
bankruptcy
1, On pally's petition.
>. by judges direction.
3. Decree pronouncing bankruptcy,
when final. See 81 to 65 inclusive.
J.. BE IL enacted by the Seaatc and
House Of Representatives oCtke United
States NJ Amerjca in Congress dssem-
TIED, That there. be, and hereby is,
established throughout the United
States uniform system ofbankruptcy,
as follows:
2. Al persons ,Ckatsocrer, residing
ia any State, District or TerIitory'of
tho United States, owing debts. which
shall not have beer created in eonse-
gueuc6 Of a dealcation as a public OF
fcer or. as executor, administrator,
guardian,or trustee, or while ACTING in
any oIler6duciary capacity, who shall,
by PETITION, setting forth, to the best
OF his knowledge ani belief; q list Of
his or their creditors, their resyeetire
places ofresjdcpce, and tic dmeuHt due
to'tach, together nth ar occmte an
Ccat0ry Of his orthsir property, rights,
and credits, Of crery rune, kind and de-
scriPtioa, and tie location 0nG sttua-
ton cfeach md ecery pdrce1 and por-
ton thereet, verified Jy oah, or IL con-
scientiously scrupulous Of taking an
oath, By solemn affirmation, apply to
the proper court, as hereinafter :men-
toned, for tie beue6t OF this act, and
therein declare themselves TO be QRG-
bte to meet their deJts and engagements,
shall be deemed baukrupts within the
Puryiow ofthis act, and may be so de-
eiarcd accordingly by a-decree Of such
court.
8. AL persons. being merchants, or
using the trade of merchandise, and
all bankers, factors, brokers, under
writers, or marine insures, owing debts
20 the amount of not less than two
thousand dollars, shall be liabeto be-
COME bankruptS within the true intent
and meaning Of this act, and may upon
Ac PETITION Of one or more of their
creditors, TO whom they owe debts
amounting in the whole to not less than
FIVE hundred dollars, in.the appropriate
court, be so declared accordingly, in
the following cases, to wit: WI eneyer
such persoa, being a merchant, or ac-
tualIy using the trade Of merchandise,
or being retailer Of merchandise, or
being 4 banker, factor or broker, un-
derwriter, or marine insurer, (D shall
depart from the State, District or Ter
ritory Of which he is an inhabitant,
with intent to delra1d his creditors, (g)
az shall conceal himselft0 avoid being
arrested, (3) or shall willingly or lraU-
d dOlently procure himself to be- ares
Ted, (4or his goods and clfattels, lands,
or tenements, to be attached, distrain-
ed, sequestered, or taken in execu-
ton, (51or shall remoUe his. goods,
chlttels, and effects, or conceal them
to prevent their being levied upon, or
taken in execution, or byother process;
(6)or make any fraudulent conveyaacei
assignment, sale, gift, or other transfer
of lands, tenements, goods or chat;
tells, credits .or.evidences of debt.
4. Provided, koweCcY, That any per.
son so declared a bankrupt at the in
stance of a creditor, may at his cleo.
tion;(I lby petition TO such court with
in ten days after its decree, be entitled
to atrial by jury before such court, tc
ascertain the fact Of such bankruptcy
(2)or if such person shall reside at ;
great distance from the place Of hold.
ing such court, the said judge, in hi.
discretion, may direct such trial by ju
~ 10 be had in the countyof such per
sons residence, in such manner and
under such directions as the said cour
may prescribe and give:
Sand all such. DEGREES passed BY
such court, and not so re-examined
shall he deemed final and conclusive
as the subject matteF.thereof.
SECTION III.
OF PREFERENCES AND PRIoRIrIEs
SEE 81.
z. Payments. &c. TO creditors, Sc
ia contemplation Of bankruptcy.
7. Payments, &c. to others not cred
itors. -.
s. Assigned may recover money