Page:United States Statutes at Large Volume 66.djvu/482

 436

PUBLIC LAW 4 5 6 - J U L Y 7, 1952



11 USC chs. 1-7-

11 USC 1024. Statements and f e e s accompanying petition.

11 USC 1022.

11 USC 68, 80.

11 USC 1043. 11 USC 1044. Alio wab1 claims.

11 USC 103. 11 USC 1021.

11 USC 93.

[66

STA T.

the final order directing that bankruptcy be proceeded with shall, unless and except as otherwise provided in the arrangement or in the order confirming the arrangement, share on a parity with the prior unsecured debts of the same classes, provable in the ensuing bankruptcy proceeding, and for such purpose the prior unsecured debts shall be deemed to be reduced to the amounts i H respectively provided for them in the arrangement or in the order confirming the arrangement, less any payment made thereunder; and "(3) the provisions of chapters I to VII, inclusive, of this Act shall, insofar as they are not inconsistent or in conflict with the j ' provisions of this section, apply to the rights, duties, and liabilities of the creditors holding debts incurred by the debtor after the confirmation of the arrangement and before the date of the final order directing that bankruptcy be proceeded with, and of all persons with respect to the property of the debtor, and, for the purposes of such application, the date of bankruptcy shall be taken to be the date of entry of the order directing that bankruptcy be proceeded with." SEC. 47. Section 624 of such Act, as amended, is amended to read as follows: "SEC. 624. The petition shall be accompanied— "(1) by a statement of the executory contracts of the debtor, and the schedules and statement of affairs, if not previously filed: »;; Provided, however, That if the debtor files with the petition a list of his creditors and their addresses and a summary of his assets -r and liabilities, the court may, on application by the debtor, grant for cause shown further time, not exceeding ten days, for filing 'the statement of the executory contracts and the schedules and statement of affairs, and such time shall not further be extended except for cause shown and on such notice and to such persons as the court may direct; and "(2) where a petition is filed under section 622 of this Act, by payment to the clerk of $15 to be distributed, $10 to the Treasury of the United States for deposit in the referees' salary fund and $5 to the clerk, in lieu of the fees of $17 and $8 as prescribed in sections 40 and 52 of this Act: Provided, however, That such fees may be paid in installments, if so authorized by general order of the Supreme Court of the United States." SEC. 48. Section 643 of such Act, as amended, is hereby repealed. SEC. 49. Section 644 of such Act, as amended, is hereby renumbered section 643 and amended to read as follows: "SEC. 643. Upon the entry of an order under the provisions of this chapter directing that bankruptcy be proceeded with, only claims for taxes legally due and owing to the United States or any State or any subdivision thereof at the time of the filing of the original petition under this Act and such claims as are provable under section 63 of this Act shall be allowed; and, as to any such claims not already duly filed, where the petition under this chapter was filed under section 621 of this Act, and an order setting the first date for the first meeting of creditors was made before the filing of such petition, the date of mailing of notice to creditors of the entry of the order directing that bankrutpcy be proceeded with shall, for the purposes of subdivision n of section 57 of this Act, be deemed to be the first date set for the first meeting of creditors: Provided, however, That if the time for filing claims in a pending bankruptcy proceeding had expired prior to the filing of a petition under this chapter, claims not filed within the time prescribed or as permitted by subdivision n of section 57 of this Act shall not be allowed in the reinstated bankruptcy proceeding."

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