I state, therefore, that in most cases the main object of bankruptcy proceedings is not to secure and manage the estate but to afford protection to the debtor. In proof of this assertion, I beg to place before Your Excellency the following figures.
Year Total Debts Proved Amount Received 1892 $566,951.98 $13,432 Received 1893 $388,130.92 $20,698 ReceivedUnder New Ordinance A 20 of 1891.
Total Debts Proved Amount Received $40,832.30 $13,531.43 $16,879.94 $5,319.51 $4,813.54It will be seen that if the amounts received in the estates are deducted from the total realized in the other estates, a very small proportion remains.
Estate Number of Petition Assets Bankrupt Creditor Scheduled Amount Received by Official Assignee A 17 $189,667.47 $16,142.00 B $349,661.46 $21,379.43 $25,899.18 C $57,675.50 D $958.46 $28,806.90 $5196.00 $699.42Page ...
The total debts proved were $59,985.85, $112,353.40. Estate A, including $11,814 received, totalled $591,041.89; the assets have been realized in the estates A, B, and C.
state therefore that in most
the main object of
cades
bankruptcy proceedings is not
to
secure
anna
manage
the
estate but to afford protection
and
the debtor, in proof of this
obtain immunity for
assertion I beg to place before
figures.
Your Excellency
the
following
otal debts proved.
59,985.85
566,951.98
112,353. 40
388,130.92
Ending
A including $11,814 received
$13,432 Acceived/ $20,698 received
1892
1893
26
འན
13
aw estate.
one estate.
stake.
ave edh
Under New Ordinance A 20 of 1891.
18
40,832.30
13,531.43
5772.50
16,879.94
5,319.51
4,813.54
it we
be seen, if the amounts received in
From these wom the total,
are deducted
realized in the other sades.
what
کار گیری و در
very omall proportion
591,041.89
54,130.39.
122
the estater A, B and C the assets have been
Muurber
of Petition Bey
By
Masets
Bankrupt Creditor scheduler
Year
filed
APP P
17
1889
47
31
16
1890
28
12
16
1891
26
24
Amoun
An
unud received
by Official As. by Afficial as-
Rea
189.667.4716,142.00
where no
schedule
filed.
2,800.39
B
349,661.46 21,379.43 25,899.18
57.675.50
182,079.08
D
958.46
28,806.90
5196.
699.42
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