Clarksville weekly chronicle. [volume] (Clarksville, Tenn.) 1865-1867, 1867-03-29
TIE BANKRUPT LAW,

The following is IN abstract of the bank
rupt bill, passed at the late session Of Con-
gress, and which is nov the law Of the
land:
The several District Courts OF the United
States are constituted courts of bankruptcy,
shall have original jurisdiction in their re-
spective districts in all matters and proceed
ings in bankruptcy, aud are authorized to
hear and adjudicate the same according to
the provisions Of this act. The courts shall
be always open fer the transaction of business
under this act and the powers and jurisdic-
ton hereby granted and conferred shall be
exercised os well in vacation as in term
time. And the jurisdiction hereby confer
red shall extend TO cases and controversies
arising between the bankrupt and any cred
! itor or creditors who shall claim any debt or
demand under the bankruptcy; TO the col
lection Of all the assets OF the bankrupt, to
the ascertainment and liquidation of the
leins aud other specific claims thereon; to
the adjustment Of the various priorities and
conflicting interests of all parties and to
the marshaling and disposition of the differ
ent funds and assets, so as to secure the
rights of all parties and due distribution and
settlement Of the estate. Said courts may
sit for the transaction of business in bank.
ruptcy at any place in the district, Of which
place, and the time of holding court, they
shall oire notice as we'll no ~ The
j Mace DESIGNATED hv law for bola;ng snch
courts.
Judges of the District Courts, upon the
recommendation of tho Chief Ipstice of tho
Sunreme Court shall annoint in each dis
trici one or moro Registers in Ronkrpntcv IN
assist the District Indge in nerIorm;ng. bis
dnties und.r This oct Registers mnst Inc
LAWYERS Give bond and take tho iron clad
oath,
Registers in hankrun,v shall have nover
IN maize .d;ndication in bsnkrpntcv 70 no
ceive the Surrender of anv7 banItrunt IN ad-
minister oath. in all nroceedinos b,fore him
TO hold and preside at meetings of creditors.
10 take nroof of debts. 10 make all comm.
lta,ions of dividends and all orders of ds'ri.
hinton IN apd;t and mass accounts of con.
sipnees 70 Grant nrotection. and IN mass the
last examination of any bsnkrupt in case,
where the assignee or n creditor does
not oppose,
If aov nerson residing within the ;pris.
diction of Inc limited States owing deb,,
exceeding the amount ot 5000 shall annly
nv ne,i,ion IN tbe ipdoes of the ind;c;aI dis
trict in which suc6 debtor has resided o,
carried on business for six months settino
forth his place of residence. his irabilitv te
nav all his debts in full his willingness IL
surrender all his estate and effects for m,
benefit of his creditors and his desire tn oh
tain the bpne6t NJ this act shall annnx IN hi,
; - "
raining a full and true stateront of all hi
deb,s and N whom due with the nlace n
, residence ,c each creditor n known ond !;
moi known tho foe, 10 hs so stated ana III,
sum dine each creditor. also the nature n
, each debt or demand and also tho tru,
canse and confederation of sucb ;nd.b,a d
moss In each coso and tho rloce ybero s,,cj
indob,odness accrued and s,atan,an, .
any existing secnri,v given for The n,vmen
If tho same. and shall olso onnex ~ bis no
tition an ,ccnra,e inventorv verified in IL,
manner of ali his estate both real and mar
sonoI assionable nnScr This act descr;b;no
tho same and stating wbore n &c v;,na,od
and whe,ber thnra ore o,y and e 90 ,vLo,
;no,r,hrsncoO ,boroon ,ba fi;no ~ snoh ,o
tit;,n shall 10 an act ~ honl,rnnfcv ana mi
na,;,ioror sbol, no o5;,dood a hanLrnn,
The hanlrunt mnst ,aIe an oath Of alec;
.nca notice 70 creditors and deh,ors ;s IN p,
. sarcsd aud nub,;sbed tho noyn,ont of doh,'
an aa,irory Of nronsrtn 60 ,ho ho,,,r,,n,
and tho ,rs,scor Of rro,ertv bv h;n, ar,
,hora,no, f,rh;dden ana ooa,;nn 81 oval
i,ors ~ nrove the;r deb,s and cheese osS;e,n
ace i 70 bo lola within r;n1,v Jovs az
iss,,;nr ,bo ,,,arr,r,
Honsehold fnrnitnre and sucb otbcr nee
esearies "a The assignees shall DESIGNATE M
~ excaed $500 in anv case arc ever,nts,
From, tho onerations of tse Low. aIso III,
NEARING onnorel of the bankrunt and h;
emily and snrh other nronor,v 90 now 10 n
hereafter shall he exemn,ad from ottach
n,ert mr. seizurc or lew on ovocution h,
Il ,ho laws IF thn irni,ed Stotas snJ snoh o,b
; o. rronor,v No, ;no,ndod in tho f,rooo;n,
vdon,;on: os is ovomntad f.or, la,,, o.,
? saIe mon oxocn,ion or o,ber ,,rocess q
- ~ go, :, ,ha Ia,,.s 81 .,d So :,
) I'LL, ,l,a ha,Lyrn, hos he Sau,ia;i =,
ar,nnr, no, oyceadino that oIIowod hv sra,
3 ST. axan,n,ion Iovs in e. +, ,ho ,'oo
. ice, ~"
: Eor ,ooa oorso shov, ,,o ric, of IN,
hontr, So 49, ha ,sn,,;,ni - o,,ana "a a." y
t oxamined as ,.i,noss. and ,ho banrrnn
nav ho w;,bhe,d II HI, ,r;Gs AZ No, sN ." ~,
,ond unless be sbai, move ,hot no ,ra. ur :"
r hIa ~ nrocn,o har attendance
A Mss,;nas nf orsd;,ors Gov Tho r,,,o,. .,
t ,aIi,o, din;Joods 81 r. ho,i'u,,ap oSo 49, ~
e are ,o be hoId a, ,ba ond Of ,hraa "a 81,
5 non,hs. nnJ IA r,so,;Oo ~ - - o.
e as Tho co,r, ,,,av d;raot AZ, a"ar,,' -
r oI,,aS af,ar ,ha Eli ,oo,ia =;
r n;dod nrnnr,Iv hr ,ba a.sir,1ea h", ~
r1oo,inn r;tI - hoId oIass ~ Gone
by the courts in the order for a dividend
The following claims shall be entitled L
e priority or preference, and be first Maid i,