Crommelin v. Their Creditors
Crommelin v. Their Creditors
Opinion of the Court
delivered the opinion of the court. The insolvents, being confined for debts, presented a schedule of their estate, and prayed for a meeting of their creditors, for the purpose of tendering to them a surrender of their
We think that the judge of the district court did not err in refusing the application of the appellants. Pending the accusation of fraud, it was not known whether they would be entitled to the benefits of the cession, one and the mos important of which is, the release of the debtor's body, and his future exemption from arrest for the debts heretofore contracted ; that benefit is the effect of a cession bona fide made. Here that, good faith was in question : and while it remained undecided, the appellants could not claim the benefits winch were in arise from it, when proved.
But the appellants thought that, since the judge had deemed it proper to appoint a syndic
As to the assignment which was ordered to be, made, and was accordingly made, to the syndic by the appellants, it is an act unknown to our laws in matters of cessions, and, as such, may be deemed a nullity in point of form : but as the power of syndics over the estate of the debtor, as they exist by law, are, fully as ample as those which may be exercised under an ex press transfer of the property by the debtor, and produce the same consequences, we do not
It is, therefore, ordered, adjudged and decreed, that the judgment of the district court be affirmed with costs.
Reference
- Full Case Name
- W. & L. CROMMELIN v. THEIR CREDITORS
- Status
- Published