Amendment of Bankruptcy Laws-bankruptcy of Municipalities: Hearings Before a Subcommittee ... on S. 1868 and H.R. 5950 ... Jan. 24 & 30, 19341934 - Broj stranica: 147 |
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able accepted and approved adjustment agree agreement American Bar Association attorneys BANGS believe Bond Buyer bondholders certificates of indebtedness Chairman chapter city of Detroit claims committee confirmed Congress consent Constitution contract corporations creditors debtor decree default delinquent drainage effect enacted equitable fact Federal courts filed fiscal FREDERICK VAN NUYS fund going Government governmental units hearing holders insolvent instance investment January 29 judge jurisdiction LASHLY legislation life-insurance life-insurance companies litigation loans mandamus maturities mayor MCLAUGHLIN ment million dollars minority municipal bonds obligations opinion outstanding payment percent petition plan of readjustment political subdivision present proceeding proposed purpose question reason receivership refunding relief reorganization Representative SUMNERS Representative WILCOX ruptcy Senator MCCARRAN Senator NEELY Senator VAN NUYS situation statement STURGES submitted Sumners bill tax levy taxing authority taxing district taxpayers thing tion town WOOD
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Stranica 53 - ... by all civilized nations. It is not in conflict with the constitution of the United States, which, although prohibiting states from passing laws impairing the obligation of contracts, allows congress "to establish . . . uniform laws on the subject of bankruptcy throughout the United States.
Stranica 3 - A plan of reorganization within the meaning of this section (1) shall include provisions modifying or altering the rights of creditors generally, or of any class of them, secured or unsecured, either through the issuance of new securities of any character or otherwise...
Stranica 5 - ... respective claims and interests ; and may, for the purposes of such classification, classify as an unsecured claim the amount of any secured claim in excess of the value of the security...
Stranica 5 - ... may allow a reasonable compensation for the services rendered and reimbursement for the actual and necessary expenses incurred in connection with the proceeding and the plan by officers, parties in interest, depositaries, reorganization managers and committees or other representatives of creditors or stockholders, and the attorneys or agents of any of the foregoing and of the debtor...
Stranica 11 - ... with the approval of the judge after hearing upon notice to creditors and stockholders, subject to the right of any creditor or stockholder who shall previously have accepted the plan to withdraw his acceptance, within a period to be fixed by the judge and after such notice as the judge may direct, if, in the opinion of the judge, the change or modification will be materially adverse to the interest of such creditor or stockholder...
Stranica 8 - ... a petition stating that such corporation is insolvent or unable to meet its debts as they mature and, if a prior proceeding in bankruptcy or equity receivership is not pending, that it has committed an act of bankruptcy within four months...
Stranica 7 - Nothing contained in this chapter shall be construed to limit or impair the power of any State to control, by legislation or otherwise, any municipality or any political subdivision of or in such State in the exercise of its political or governmental powers, including expenditures therefor...
Stranica 2 - An Act to establish a uniform system of bankruptcy throughout the United States...
Stranica 11 - ... (f) Upon confirmation by the judge, the provisions of the plan and of the order of confirmation shall, subject to the right of judicial review, be binding upon the debtor, all stockholders thereof, including those who have not, as well as those who have, accepted it...
Stranica 6 - ... shall not, by any order or decree, in the proceeding or otherwise, interfere with (a) any of the political or governmental powers of the taxing district, or...