CHANROBLES VIRTUAL LAW LIBRARY
US LAWS, STATUTES and CODES : Chan Robles Virtual Law Library USA Supreme Court Decisions | Resolutions : Chan Robles Virtual Law Library

ChanRobles™ Virtual Law Library™ | chanrobles.com™   
Main Index Repository of Laws, Statutes and Codes Latest Philippine Supreme Court Decisions Chan Robles Virtual Law Library Latest Legal Updates Philippine Legal Resources Significant Philippine Legal Resources Worldwide Legal Resources Philippine Supreme Court Decisions United States Legal Resources United States Supreme Court Jurisprudence ChanRobles LawTube - Social Network

ChanRobles Internet Bar Review : www.chanroblesbar.com DebtKollect Company, Inc. - Debt Collection Firm Intellectual Property Division - Chan Robles Law Firm

Philippine Supreme Court DecisionsChanRobles On-Line Bar Review

google search for chanrobles.comSearch for www.chanrobles.com


IVANHOE BUILDING & LOAD ASSN. V. ORR, 295 U. S. 243 (1935)

Subscribe to Cases that cite 295 U. S. 243 RSS feed for this section

U.S. Supreme Court

Ivanhoe Building & Load Assn. v. Orr, 295 U.S. 243 (1935)

Ivanhoe Building & Load Assn. v. Orr

No. 611

Argued April 5, 1935

Decided April 29, 1935

295 U.S. 243

Syllabus

1. A creditor of a bankrupt, claiming on a bond secured by a mortgage on real estate not owned by the bankrupt and upon which the creditor has foreclosed, is not a "secured creditor" of the bankrupt within the meaning of §§ 1 (23) and 57(e) of the Bankruptcy chanroblesvirtualawlibrary

Page 295 U. S. 244

Act, and is not precluded thereby from proving his claim for the principal of the bond and interest, though he may not collect and retain dividends which, with the fruits of the foreclosure, will exceed that amount. P. 295 U. S. 245.

2. The case of a bankrupt indebted to a creditor on a bond secured by a mortgage on property of a third person which the creditor has foreclosed is not a case of mutual debt between bankrupt and creditor, within the meaning of § 68(a) of the Bankruptcy Act, and that section does not limit the creditor's proof of claim to the difference between the debt and the avails of the foreclosure. Pp. 295 U. S. 246-247.

73 F.2d 609 reversed.

Certiorari, 294 U.S. 700, to review the affirmance of a judgment reducing a claim in bankruptcy.





Back
ChanRobles™ LawTube

google search for chanrobles.com Search for www.chanrobles.com


Supreme Court Decisions Philippine Supreme Court DecisionsUS Supreme Court Decisions



www.chanrobles.us




QUICK SEARCH

cralaw

Browse By ->> Volume


cralaw

Browse By ->> Year


cralaw

  Copyright © ChanRobles Publishing Company | Disclaimer | E-mail Restrictions
ChanRobles™ Virtual Law Library | chanrobles.com™
 
RED