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" In all cases of mutual debts or mutual credits between the estate of a bankrupt and a creditor the account shall be stated and one debt shall be set off against the other, and the balance only shall be allowed or paid. "
United States Reports: Cases Adjudged in the Supreme Court at ... and Rules ... - Page 183
by United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1938
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Reports of Cases Argued and Adjudged in the Supreme Court of the ..., Volume 5

United States. Supreme Court, William Cranch - Law reports, digests, etc - 1812 - 408 pages
...any other person, or mutual debts between them, the assignee shall state the account between them, and one debt shall be set off against the other, and the balance of such account, after such set-off, and no more, shall be claimed or paid on either side respectively....
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Reports of Cases Argued and Adjudged in the Supreme ..., Volume 5; Volume 9

United States. Supreme Court - Law reports, digests, etc - 1812 - 408 pages
...any other person, or mutual debts between them, the assignee shall state the account between them, and one debt shall be set off against the other, and the balance of such account, after such set-off, and no more, shall be claimed or paid on either side respectively....
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A Treatise on the Law of Fire Insurance, and Insurance on Inland Waters: In ...

Elisha Hammond - Fire insurance - 1840 - 206 pages
...credit given by the debtor and any other person, or mutual debts between them, the account between them shall be stated, and one debt shall be set off against the other, and the balance of such account and no more shall be allowed or paid on either side respectively." We have seen, p....
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A Treatise on the Law of Fire Insurance, and Insurance on Inland Waters: In ...

Elisha Hammond - Fire insurance - 1840 - 200 pages
...debtor and any other person, or mutual debts between them, the account between them shall be sti.ted, and one debt shall be set off' against the other, and the balance of such account and no more shall be allowed or paid on either side respectively." We have seen, p....
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The Provincial Statutes of Canada

Canada - Law - 1842 - 662 pages
...given by the bankrupt and any other person, or mutual debts between them, the account between them shall be stated, and one debt shall be set off against the other, and the balance of such account, and no more, shall be allowed and paid on either side respectively ; and when any...
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Supplements to the Revised Statutes: General Laws of the ..., Volume 1

Massachusetts - Law - 1844 - 416 pages
...en Dy t he debtor and any other person, or mutual debts between debt. them, the account between them shall be stated, and one debt shall be set off against the other, and the balance of such account and no more shall be allowed or paid on either side respectively. Provision in case...
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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volume 269

Illinois. Supreme Court - Law reports, digests, etc - 1916 - 710 pages
...governed by different principles of law. Section 68 of the Bankruptcy act provides as follows: "(a) In all cases of mutual debts or mutual credits between...the other and the balance, only, shall be allowed or paid. (b) A set-off or counter-claim shall not be allowed in favor of any debtor of the bankrupt...
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Cases Argued and Adjudged in the Supreme Court of the United States, Volume 18

United States. Supreme Court - Law reports, digests, etc - 1874 - 726 pages
...debts, or mutual credits between the parties, the account between them shall be stated, and one debt set off against the other, and the balance only shall be allowed or paid." It is clear that these claims are not mutual debts. They are not between the same parties....
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Reports of Cases Argued and Determined in the Supreme Judicial Court of the ...

Massachusetts. Supreme Judicial Court - Law reports, digests, etc - 1867 - 1310 pages
...credit given by the debtor and any other person, or mutual debts between them, the account between them shall be stated, and one debt shall be set off against the other," <fcc. This point of set-off is supported by the decision in the case of Tuckers v. Oxley, 5 Cranch,...
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Bankrupt Law of 1867 and Syllabus of Contents: Together with the Rules and ...

United States - Bankruptcy - 1867 - 154 pages
...debts or mutual credits between the parties, the account between them shall be stated, and one debt set off against the other, and the balance only shall be allowed or paid, but no set-off shall be allowed of a claim in its nature not provable against the estate:...
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