A Practical Treatise On Abstracts And Examinations of Title to Real Property

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Newman v. Fi>her, 37 Md. 259; « WhilriJ-e r. Taylor, GG N. C. 273. 2S0 ABSTRACTS OF TITLE. When after adjudication and before any assignment has been made, a composition is effected and the bankrupt discharged, there seems no good reason wlij the abstract should be en- cumbered by details which are immaterial to the title, and such proceedings may be safely omitted. ' § 12. Nature and Eflfect of Bankruptcy. A person adju- dicated a bankrupt is deemed a bankrupt from tlie day on which he files h...is petition, and, from the moment the petition is filed, so far as his property is concerned, he is considered as civilly dead. During the interval existing between the filing of the petition and the appointment of the assignee, a condition of things exists not unlike that before the appoint- ment of an administrator in the case of a person dying intes- tate, no one being authorized to dispose of or assign his assets. ^ A voluntary bankrupt is intrusted with tlie care of his estate before an assignee is chosen, as a sort of trustee, and in involuntary proceedings a warrant issues to the U.

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