The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-08-19
THE FIRST OF ITS KIND
A Petition for Bankruptcy Under
the New Federal Law.
ORDER OF PROCEEDINGS
The Case IL That OF John Joyce. a Sa-
l~oonkeeper Attorney Lippincott
Sends the Papers TO Judge
Knowles for Approval.

The first petition in a voluntary bank
ruptcy filed in the United States court
in Montana under the new federal law
was sent to Helena yesterday for the
approval Of Judge Knowles by Attorney
w. /. Lippincott for John Joyce of An
aconda. a ~saloonkeeper. The petition
recites the fact that IT is an applica-
tion for adjudication for bankruptcy Of
John Joyce. a bankrupt, residing in
Anaconda. Deer Lodge county, who
represents that he has been conducting
and carrying on a saloon business and
buying and selling liquors and cigars
for a period of six months Immediately
preceding the filing OF his petition: that
he owes debts which he is unable TO
pay In full and is yelling to surrender
all Of his estate and effects for the bene-
fit Of his creditors and desires to obtain
the benefits of an act entitled IAN act
to establish a uniform system of bank
ruptcy throughout the United States.
approved July |, 1928. 1t further recites
that schedule "A attached to the petit
ton gives a full. true and correct state
ment of all his debts and the names OF
his creditors. their residences n the
amounts due to each: and that schedule
81 gives an accurate inventory of his
fFAhAfs p'Ah ttaA Wv fNheNAi'F '''r
able under the provisions of the law,
wherefore the petitioner prays that he
may be adjudged by the court to be a
bankrupt within the pervue of the law
and may be decreed to have a %certifi-
cate of discharge of all of his debts
provable under the law. Joyce's total
debts are given at 81. 1927. 30 and his as
sets, including all his stock, household
goods. jewelry. etc, at $l,362.lb.
The practice under the bankruptcy
law, and the various proceedings in
court are as follows:
First-The petition of the debtor de-
claring his inability TO pay his debts
and his willingness to be declared a
bankrupt. must be accompanied by
a schedule of all debts, with places OF
residence Of creditors and time of in
curing debts. which schedule must
truthfully set forth all debts owing by
debtor at time of filing petition and a
true statement of all money, property
and credits.
Second-An order Of the judge of the
United States district court referring
the matter to Thompson Campbell, rel
cree i'm bankruptcy. order OF the Judge
declaring the debtor a bankrupt and or
dering a hearing, after the 10 days no.
tIce TO all creditors mentioned in sched-
ule of debts: appointment of appraiser
to appraise property: issuance of war
ant to United States marshal to notify
creditors of time and place of hearing
before referee and also TO cause notices
to be published in a newspaper pub
lished at the place of residence Of the
debtor.
If the bankrupt fails to give a com
plete and true list of all his property,
both real and person, he can be denied
n certificate OF bankruptcy. If his list
is true he will be discharged from all
his debts existing up to the time OF his
bankruptcy. After h first of Novem-
Der petitions in Involuntary bankruptcy
MAY be filed by creditors.