Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1867-08-10

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90 osh-rxi-e fox the b@akruy,. vho shall
ave rsii the d. b.. 90 any lszt tAsr-f in
dichsr-e of The vio,~. SAIL bs eafHled TO
prove sach debt or to sssnd in the Place ef
the creditor il he shah have proved the
SAM, although such payne;.ts shall have
been made after the proceedings in blnk-
rup.cy were commcncea. Aud any PER-
son SO liable for the bankrupt, ard who
has not paid the whole. of said debt. but
is still liabe for the same or any part there.
Of, may. If the creditor shall fail or omit to
prove such dett,prove the same either in the
name of the creditor or otherwise. rs
may be provided by the rules. and subject
to such regulations and Limitations as may
be established By such rules. Where the
bankrupt is liaLle to pay rent or other
debts falling due at fixed and stated periods
the creditor may prove for aproportionate
part thereof up 10 the time Of the bank
ruptcy, as if the same grew due from day
to day, and not at such fixed aud stated
periods. II any bankrupt shall be liable
for unliquidated damages arising out ct
any contract or promise, or on account Of
any goods or chattcls wrongfulIy taken,
converted, or withheld, the court may
cause damages to be assessed in such mode
as it may deem best and the sum so as
sessed may prove against the estate. No
debts Other than those above specified shall
be proved or allowed against the estate.
Sec. 20. And be Il. further enacted. That.
in all cases of mutual debts or mutual
credits between the parties, the account be-
tween them shall be stated, and one debt
set off against the other, and the bal
ance only shall be allowed Or paid, but no
sct.off shall bo allowed of o claim in its
nature not provable against the estate
P,oriacd, That no set-of shall be allowed
| in favor Of any debtor to the bankrupt Of
claim purchased by or transferred TO
him nfter The filling Of the petition. When
a creditor has a mortgage or pledge OF
real or personal property Of the bankrupt.
a Icin thereon for securing the payTe.it
Of debt owing TO him from the bankrupt,
he shah be admitted as a creditor only tor
the balance of the debt after deducting tito
value of such property, to be asccrtained
by agreement between him and the as
signer, or by sale thereof, to be made in
such manner as the court shall direct; or
the creditor may release or convey his
claim 10 the assignee upon such property.
and be admitted to prove his whole debt.
| If the value Of the properly. exceeds the
sum for which il is 80 held as security.
the assignee may release TO tlsc creditosthS
bankrupt's right of redemption therein on
receiving such excess; or he ma" sell the
property, subject to the claim Of the cred
itor thereon; anc in either case the as
since and creditor, respectively, shall exc
cute all deeds and writings necessary or
proper to consumate the transaction. If
tho property is not sod or leased and de-
livered up, the creditor shall not 30 al-.
lowed to prove any part of his debts.
Sec. 81. And be Il. further enacted, That
no creditor proving his debt or claim shall
be allowed to maintain any suit at law or
in equity therefor against the bankrupt.
but shall be deemed to have waived sll
right OF action aud sui: againt the bank
rupt. aul all proceedings already COM
meneed or un<aiis6cd Judgments already
Obtained thereon. shall be de-mrd 70 b.
discharged and surrender th-s~by and
no ersiior whose eebs is psovaLle aadss
tlis art shs'l h. allowed ts prse~case 70
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