Court Opinion

ID: 8124270
Source: CourtListenerOpinion
Date Created: 2022-09-09 15:04:09.003792+00
Date Added: 2024-06-11T16:39:09.415660
License: Public Domain

Coxe, J.
The original and supplemental proof should be expunged. The former, for the reason that the note upon which it is founded was made and delivered after the filing of the petition in bankruptcy; the latter, upon the authority of In re Montgomery, 3 N. B. R. 426.
The cases cited by the counsel for the claimant, holding that the taking of a promissory note, does not extinguish the original debt unless by express agreement, have, I think, but little application to a case where the parties sought to be charged are not makers but indorsers, and where, prior to the date of the second note, their legal ■status is completely changed by the filing of a petition in bankruptcy.