the-ordinances-of-the-legislative-counci-1890 — Page 632

596 ORDINANCE No. 5 OF 1864.


Bankruptcy and Insolvency.


may revert, descend , be devised or bequeathed , or come, to him, before he
shall have obtained his discharge , and all debts due, or to be due to him,
wheresoever the same may be found or known, and the property, right

and interest in such debts , shall become absolutely vested in the Official
or other Assignee for the time being for the benefit of the creditors of the
bankrupt by virtue of their appointment, and after such appointment
neither the bankrupt nor any person claiming through or under him shall
have power to recover the same, nor to make any release or discharge

thereof, neither shall the same be attached as the debt of the bankrupt, or

otherwise, but such assignees shall have like remedy to recover the same
in their own names, as the bankrupt himself might have had if he had
not been adjudged bankrupt.

Bankrupt 54. Provided that every person who shall be so adjudged bankrupt,
may retain
household fur shall be entitled to retain for the use of himself and family, under the
niture, &c.
name of excepted articles , such articles of household furniture, and tools

and implements of trade and other like necessaries as he shall specify and
select ; not exceeding in the whole the value of one hundred dollars , and
such excepted articles shall not be subject to be sold or disposed of in the
bankruptcy , nor to be taken in execution at the suit of any creditor en
titled to prove under the bankruptcy : and in all cases there shall be filed
with the proceedings in the Court an inventory of such excepted articles :
and if it shall appear to the Court that the value of the excepted articles
retained by the bankrupt exceed one hundred dollars , the Court may
order so much of such articles as it shall see fit to be given up to the

assignees.

Bankrupt's
Lands, &c., to 55. When any person shall have been adjudged a bankrupt, all
vest in
lands, tenements and hereditaments, to which any bankrupt is entitled ,
assignee.
and all interest to which such bankrupt is entitled in any of such lands ,
tenements or hereditaments, and of which he might have disposed , and
all such lands, tenements and hereditaments as he shall purchase, or shall
descend, be devised , revert to, or come to such bankrupt before he shall
have obtained his discharge, and all deeds, papers and writings respecting

the same, shall become absolutely vested in the Official or other Assignee
for the time being for the benefit of the creditors of the bankrupt, by
virtue of his appointment, without any deed of conveyance for that pur
pose and as often as any such assignee or assignees shall die or be
lawfully removed or displaced, and a new assignee or assignees shall be