The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1867-12-31
General Information to BankruptS

required to render Schedule Of all their debts
and liabilities Of every kind and description
whatever, and also, inventory Of all their es-
tate, both real and personal, including all prop
erty and effects of which they are possessed, or
in which they may have an interest, Though not
in possession ir conformity with certain Form"
prescribed in the General Orders of the Su-
preme Court of the United States. These Seized
ules, verified by oath of the Petitioner before a
District Court Judge, Registe i'll Bankruptcy,
or u. 5. Commissioner, must accompany the
petition, and when filed, is the commencement
OF proceedings in Bankruptcy.
2 To become a voluntary Bankrupt the
debtor must owe debt to the amount of at least
! $4,000 three hundred dollars.
3. When the petition is by firm or copart-
nership full set of schedules of the respective
estates of the members of the firm should also be
added.
4. When the petition is filed the case is i'm
medately referred to Register, who examines
the petition and schedules annexed thereto, and
if they are correct in form makes certificate to
that effect. to be filed with the Clerk, then adj
judges the debtor Bankrupt and issues war
rant to the messenger to summon all the creditors
named in the petitioners schedules to meet at
the Registers Office at a certain time and place.
to prove their claims and elect one or more AS
signees to take charge of the Bankrupt's estate
5. A creditor can however prove his claim at
any time previous to the last dividend, which will
generally be six months subsequent to the adju-
dicatiOn OF Bankruptcy.
6. No creditor has any standing in Bankrupt
Court until he proves his claim. (Mre Eliza
Altenheim, Blatchford, judge.
T. Creditors have no ri ght to compelthc Bank
rupt to answer questions concerning the disposal
Of property by him acquired subsequent to filing
petition in Bankruptcy. in other words, the
date of the filing of the petition by or against
debtor is the date at which, if adjudication of
bankruptcy follows, the old order of things passes
away and a new leaf is turned over"
S. The bankrupt apply to the Court at
any time after the expiration of six months and
within one year from the adjudication for his
discharge in bankruptcy, and in case no assets
come into the hands of the assignee or no debts
be proved against his estate at any time after the
expiration of sixty days.
9. AS soon as an assignee is elected or appoin-
ted. the Judge or Register will convey to him by
deed of ASST gnment, all the bankrupt's property
except what is exempted, viz: !'Household and
kitchen furniture and other necessaries not ex-
ceedng i'll value (S500( five hundred dollars;
also his wearing apparel and that of his wife and
children, and such other property not included
upon execution or other process, BIZ the laws of
the State in which the bankrupt resides, to an
amount not exceeding that allowed by State ex-
emption laws in force in 1864.
10. 1t is the duty of the assignee, within
twenty days after the assignment to him is made,
to allot to the bankrupt such articles as are ex-
empted, and Tile an inventory Of the same with
the value of each article so allotted and creditors
may make objections to the report of the assig-
nee at any time within twenty DAYS after it is
filed.
II. AS to costs in bankruptcy proceedings.
Section Al of the Bankrupt Act provides that
the petitioner, before warrant issues, shall de-
posit fifty dollars with the Register, or with the
Clerk to be delivered to the Register, as a secu-
rlty for his fees. General order NX1X, provides
that the fees of the Register Marshal and Clerk
shall be prepaid or secured before they can be
compelled to act. 1t is also provided by General
Order xxx, that where the debtor has no
means, and can prove the fact to the satisfaction
of the Court, upon application, an order will be
made requiring all the costs in the case to be
paid out OF the fifty dollars deposited with the
Register. LIT however there are assets, but not
enough to pay the Messenger after deducting the
Bankrupts exempted property. SO that nothing
comes into the hands of the assignee the fees
will have to be paid by the Bankrupt; but if the
assignee receives assets the fees OF the MESSENGER
will be paid by him before any dividend is made
among creditors
The fees of the Register, Messenger and Clerk
and for publication of notices in Bankruptcy will
In ordinary cases amount to about one hundred
dollars-in some cases more. in others less-the
costs depending on the number of creditors.
amount of litigation &c. in each particular case
AN ELEPHANT KILLS HIS KEEpER.-Tbe
elephant Romeo killed his keeper, William Will
Hams, in Montgomery County, Pa, on Wednes-
day last The elephant was in winter quarters.