Page:United States Statutes at Large Volume 18 Part 1.djvu/1048

 976 rms mn.-sANKaU1*rcri’.—cn. 1. _ Sn1eofunc<>11ect· Sec. 5064. The assignee may sell and assign. under the direction of ‘bl° °“°*'· the court and in such manner as the court shall order. any outstanding 2 Mai-., 1867, c. claims or other pro erty in his hands, due or belonging to the estate, gg. S-28. V-14. p· which cannot be collected and received by him without unreasonable · or inconvenient delay or expense. $4*16 of perish- Sec. 5065. When it appears to the satisfaction of the court that the “?lQ’E’LL~ estate of the debtor, or any part thereof. is of a perishable nature, ur 1bl28- liable to deteriorate in value, the court may order the same to be sold, .,9022 ‘h"{‘· 187"L“‘ in such manner as may be deemed most expedient, under the direction . ,a.4,2.18,p.118. . ???@€¤@?f..'£".·£'é2i$2'.ig`?`,?iE.§`€*Zi"'€§2’cZi.aiiTi1i2‘§.il’..'3“.§ b°‘ Wh" M "°" "‘° a1., 1 Ben., 356. “ #· Discharge of Sec. 5066. The assi nee shall haveauthority,under the order and direcl§*[1°j·_____,__ tion of the court, to redeem or discharge any mortgage or conditional con- 2 Man, 1867, ,._ tract, or pledge or deposit, or lien upon any property. real or personal, 176, s. 14, v. 14, p. whenever payable, and to tender due performance of the condition 521 thereof, or to sell the same subject to such mortgage, lien, or other Mme ,3,,% mcumbrance. ·$;;0;lIn ;gB%nkj"I$.`<;g'i,ri*;Z;5I;3vy;\g(htR•?gsléé·. Ames, 2 Bank. Reg., 47; L2 re y111B, . ·,  , . ., . Provable debts. Sec. 5067. All debts due and ayable from the bankrupt at the time    r ‘·w* of the commencement of proceedings in bankruptcy. and all debts then _? MW-» 1867, <‘- existing but not payable until a future day, a rebate of interest being  S· l9· "· 14*1* made when no interest is payable by the terms of the contract, may be M.` ___ proved against the estate of the bankrupt. All demands against the I,,,.,,0m,,,lB,,,,_, ankrupt for or on account of any goods or chattels wrongfully taken. 361; Lz re Patter- converted, or withheld by him may be proved and allowe as debts to 8011.1 B€¤·.508;I¤ the amount of the value of the property so taken or withheld, with ’§€I:th_m°t}:;·#,2 interest. When the bankrupt is liable for unliquidated damages arising w;,j{,,m,,’ Q B,,,,k_ out of any contract or promise, or on account of any goods or chattels Reg., 79; In re wrongfully taken, converted, or withheld, the court may cause such dam- ages todbe assgssed in §1uch_niodéz1as it may deem best. and the sum so kc}, 4 Bank. assesse may e prove agamst e estate. 41; In re Stexghg, 4 Bank. Reg., 122; In re Blandin, 5 Bank. Reg., 39; In rv Gallison, 5 Bank, Regi,0353; In rc Knoepfel, 1 Ben., 398; In re Paddock, 6 Bank. Reg., 132; Evpartc ${3*1** i. . YrJ.“i£..’"¤" ’é"‘I2"’ ‘i§}""}"" *9 i§"";-z i3}" "$é&§’  hf’°“‘· - ; nr n e. o., w. ; nre on er, w., ; nre uc- an , 2 Low., 3131; In rc Lane, Brett &,Co., 2 Low., 333; In re George F. Foye, 2 Logs, €a:ggrte2T;-aihon,€;268I1ov{;, 325 Ihr pgrte Lz;l§e,I5 Itplw., 3-:4; 534: pqrfe,Ha`rris, Chip- . w., ; e reins a. ; owm 1 ·. Tra<lers’ Balnk, 2 Dill., 136; Brookmire dlm’Bean, 3 DillA36; Ma.n·ettll€.SAtF•:rb!d$t;;,l3 Dill., 444; L1 re Prescott, 5 Bias., 523; In re Commercial Bulletin (`o., 2 Woods, 220; Li. re Bailey r. Pond, 2 \Voods, 222; Bailey r. Loeb, 2 \Vo0d:=, 578; Wylie r. Breck, 2 \\'oods, {E3; L: rg i~3\y;:s,£3Biss., 48; ln re Reed, 6 Biss., 250; In re Daniels, 6 Biss., 405; Li re . O€%l'1, 1 ., . Conti ngsn t Sec. 5068. In all cases of contingent debts and contingent liabilities ‘E· __r_ __,_ contracted by the bankrupt, and not herein otherwise provided for. the 2 Mar., 1867, e. creditor may make claim therefor, and have his claim allowed, with the 176,¤·19.V·14»I>· right to share in the dividends, if the contingency happens before the 525 __ order for the iinal d1v1dend; or he may, at any time, apply to the court Sigsby ,·_ wma, to have the present value of the debt or liability ascertained and li ui- 3 Ben.,_ 371; Er dated, which shall then be done in such manner as the court shall order, ¥:;*°C0(l;;;“‘P‘;2 and he shall be allowed to prove for the amount so ascertained. ' 'Y 'I I In rc E. W. Clap, 2 Low., 226. Liability of Sec. 5069. When the bankrupt is bound as drawer, indorser, surety. }’°“k'“P‘ °S Su"` bail, or guarantor upon any bi 1, bond, note, or any other specialty or y' _________ _ contract, or for any debt of another person, but his liabilit does not 2 Mn 1867, c_ become absolute until after the adjudication of bankru tcy, the creditor mi, ,., igfy,-_ 14, p, may prove the same after such liability becomes tixedl and before the 525. final dividend is declared. In rc Ellershorst & Co., 5 Bank. Reg., 144; In re Crawford, 5 Bank. Reg., 301. b£E1fu€;¤<>¤ for Sec. 5070. Any person liable as bail, surety, guarantor, or otherwise for the bankrupt, who shall have paid the debt, or any art thereof, in discharge of the whole, shall be entitled to prove such alhbt or to stand