A Review of the Present Position of Bankruptcy Legislation in England And the Un
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In our eReader you can find the full English version of the book. Read A Review of the Present Position of Bankruptcy Legislation in England And the Un Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Review of the Present Position of Bankruptcy Legislation in England And the Un
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To quickly assess the difficulty of the text, read a short excerpt:
Then it is that prefer- ences are created, goods secreted, and relations and friends favored. Then it is that debtors try to put some- thing away, instead of giving it up bravely and honestly. This should be prevented, and u receivership is the only means. As to the question of judges, I sincerely hope the proposal of the Senate bill, relegating the jurisdiction to the Federal Courts, will be maintained. The appoint- ment of cheap judges, of Commissioners in Bankruptcy, a sort of hybrid between... a judge and a registrar, is sure to bring in all the abuses which made the last Act so obnox- ious. But on the main point, as between the Senate and LOWELL bills, I would suggest the following compromise: Let the creditors take the estate, and let the Court deal Avith the debtor. If creditors mismanage the liquidation they will suffer, not society at large ; but if creditors make a bargain with a dishonest debtor, and his friends, in consideration of a few cents in the dollar, are allowed to compromise mercantile fraud, then society is injured, fraudulent debtors go unpunished, and the tone of com- mercial morality is lowered.
What to read after A Review of the Present Position of Bankruptcy Legislation in England And the Un?
You can find similar books in the "Read Also" column, or choose other free books by Daniel C Robbins to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Then it is that prefer- ences are created, goods secreted, and relations and friends favored. Then it is that debtors try to put some- thing away, instead of giving it up bravely and honestly. This should be prevented, and u receivership is the only means. As to the question of judges, I sincerely hope the proposal of the Senate bill, relegating the jurisdiction to the Federal Courts, will be maintained. The appoint- ment of cheap judges, of Commissioners in Bankruptcy, a sort of hybrid between... a judge and a registrar, is sure to bring in all the abuses which made the last Act so obnox- ious. But on the main point, as between the Senate and LOWELL bills, I would suggest the following compromise: Let the creditors take the estate, and let the Court deal Avith the debtor. If creditors mismanage the liquidation they will suffer, not society at large ; but if creditors make a bargain with a dishonest debtor, and his friends, in consideration of a few cents in the dollar, are allowed to compromise mercantile fraud, then society is injured, fraudulent debtors go unpunished, and the tone of com- mercial morality is lowered.
What to read after A Review of the Present Position of Bankruptcy Legislation in England And the Un?
You can find similar books in the "Read Also" column, or choose other free books by Daniel C Robbins to read onlineMoreLess
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