 | Elisha Hammond - 1840 - 206 pages
...credit given by the debtor and any other person, or mutual debts between them, the account between them shall be stated, and one debt shall be set off against the other, and the balance of such account and no more shall be allowed or paid on either side respectively." We have seen, p.... | |
 | Canada - 1842 - 662 pages
...given by the bankrupt and any other person, or mutual debts between them, the account between them shall be stated, and one debt shall be set off against the other, and the balance of such account, and no more, shall be allowed and paid on either side respectively ; and when any... | |
 | Massachusetts - 1844 - 416 pages
...en Dy t he debtor and any other person, or mutual debts between debt. them, the account between them shall be stated, and one debt shall be set off against the other, and the balance of such account and no more shall be allowed or paid on either side respectively. Provision in case... | |
 | Illinois. Supreme Court - 1916 - 710 pages
...governed by different principles of law. Section 68 of the Bankruptcy act provides as follows: "(a) In all cases of mutual debts or mutual credits between...other and the balance, only, shall be allowed or paid. (b) A set-off or counter-claim shall not be allowed in favor of any debtor of the bankrupt which (1)... | |
 | United States. Court of Claims, Audrey Bernhardt - 1958 - 966 pages
...the Bankruptcy Act, it may not now assert it as a counterclaim because 11 USC 108 (b) provides: * * * A set-off or counterclaim shall not be allowed in...bankrupt which (1) is not provable against the estate and allowable under subdivision (g) of section 93 of this title; * * * The Government admits that at... | |
 | United States. Circuit Court (7th Circuit), Josiah Hooker Bissell - 1874 - 590 pages
...between the parties to this suit, which upon an account between them being stated, one debt shall or may be set off against the other, and the balance only shall be allowed or paid. In Globe Insurance Company, 2 Edwards' Chancery, 625, as respects this doctrine of the mutual right... | |
 | 1874 - 802 pages
...between the parties to this suit, which, upon an account between them being stated, one debt shall or may be set off against the other, and the balance only shall be allowed or paid. In Globe Insurance Company, 2 Edwards' Chancery, 625, aa respects this doctrine of the mutual right... | |
 | 1910 - 1052 pages
...541, 5 68a, 30 Stat. 544 (US Comp. St. 1901, p. 3450), providing that, in all cases of mutual debts or credits between the estate of a bankrupt and a creditor,...other, and the balance only shall be allowed or paid, a claim from promissory notes of a partner cannot be set off against a Judgment on behalf of the firm... | |
 | 1917 - 2042 pages
...credits, the account shall be stated, and one debt set off against the other. Section 68b provides that a set-off or counterclaim shall not be allowed In favor of any debtor of the bankrupt which Is not provable against the estate. Section 17 (Comp. St. 1916, ยง 9601) provides that n discharge... | |
 | 1913 - 1050 pages
...with the rule in the Gates Case, would admit of the set-off claimed here ; for section 68a extends to "all cases of mutual debts or mutual credits between the estate of a bankrupt and a creditor," and, as stated, the Ohio rule treats such liability as a debt due to the corporation. However we think... | |
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In all cases of mutual debts or mutual credits between the estate of a bankrupt and a creditor the account shall be stated and one debt shall be set off against the other, and the balance only shall be allowed or paid. 
