Stickney v. Wilt

APPEAL from the Circuit Court for the Northern District of Ohio; the case being thus:

By the Bankrupt Act it is thus in effect enacted:

'SECTION 1. That the several District Courts be. . . courts of bankruptcy, and shall have original jurisdiction in their respective districts in all matters and proceedings in bankruptcy. . .. And the jurisdiction shall extend to all cases and controversies arising between the bankrupt and any creditor who shall claim any debt or demand under the bankruptcy, to the collection of all the assets of the bankrupt; to the ascertainment and liquidation of the liens and other specific claims thereon; to the adjustment of the various priorities and conflicting interests of all parties; and to the marshalling and disposition of the different funds and assets, so as to secure the rights of all parties, and due distribution, &c.

'SECTION 2. That the several Circuit Courts. . . within and for the districts where the proceedings in bankruptcy shall be pending, shall have a general superintendence and jurisdiction of all cases and questions arising under this act; and except where special provision is otherwise made, may, upon bill, petition, or other proper process, of any party aggrieved, hear and determine the case [as] a court of equity.

'The powers and jurisdiction hereby granted may be exercised either by said court or by any justice thereof in term time or vacation.