Janin v. His Creditors
Janin v. His Creditors
Opinion of the Court
delivered the opinion of the court.
In this case, the insolvent debtor presented his petition and hilan, or schedule, praying for a respite, and that his creditors
The insolvent contends, that as the hypothecary creditors were not prevented by the respite from proceeding on their mortgages and obtaining an order of seizure and sale against the mortgaged property of the debtor, they are without interest to oppose the respite. In support of this proposition, aa a aa la ' he has invoked the opinions of several eminent French jurists,
On this point, the court has no difficulty in coming to a decision. " We have textual provisions of law, which we are . A 7 not at liberty to disregard, and which establish the reverse of the proposition contended for. The Louisiana Code, article 3053 requires the votes of three-fourths of the creditors in number and amount, to grant a forced respite, which takes place when the creditors “ do not all agree.” And under the ■a 4 © word creditors, in the Code, hypothecary and-chirographery creditors are certainly included.
The article 3062, provides that privileged'creditors and those who have a special mortgage, cannot be deprived of the right of seizure by a respite; but if the property on which
It is, therefore, not correct. to say that á respite does not affect these creditors.
The insolvent has further urged, that the meeting of his creditors was irregularly called on a notice of ten days, on account of his being mistaken as to one of his creditors wlio resided out of the state, being' represented therein. To this it has been victoriously replied, that he cannot avail himself of any irregularity which was the result of his own error or mistake in requesting that his creditors be convened on too early a day.
It is, therefore, ordered, adjudged and decreed, that the judgment of the District Court be affirmed, with costs.
Reference
- Full Case Name
- CHARLES JANIN v. HIS CREDITORS
- Status
- Published