trustees' last audited account. 18 when set against the receipts in column 11 ought to bring out the 106. Petitions under Sections 125, 126. To the London Bankruptcy Court [or the County Court of holden at The humble petition of of 1. Showeth, that your petitioner allege that he unable to pay h debts, and desirous of instituting proceedings for liquidation of h affairs by arrangement or composition with h creditors, and hereby submit to the jurisdiction of this Court in the matter of such proceedings [in the case of a trader, add “and that your petitioner estimates the amount of the debts owing by him to his creditors at £ [Add where petition presented to a County Court that your petitioner does not reside or carry on business within the district of the London Bankruptcy Court]. Your petitioner therefore prays that notices convening such general meeting or meetings of h creditors as may be necessary to be given by h during the course of such proceedings may be sent in the prescribed manner, and that such resolution or resolutions as h creditors may lawfully pass in the course of such proceedings, and as may require registration, may be duly registered by the registrar of the Court. And your petitioner shall ever pray, &c. Signed by the petitioner day of on the 187 in the presence of [registrar or attorney. Address]. If the petition be by partners, alter the form accordingly. 107. Affidavit in support of Petition under Sections 125, 126. THE BANKRUPTCY ACT, 1869. In the London Bankruptcy Court [or the County Court of I, holden at of make oath and say as follows: I am [or one of] the petitioner named in the petition hereunto annexed. I verily believe that it will be most conyenient to the cre ditors whose debts exceed 101. that the general mecting should be held at Sworn at this Before me, day of 187 (Where an Attorney is employed add the following Certificate). I certify my belief that it will be most convenient to the creditors of the petitioner that the general meeting should be held at Attorney in the matter of the petition. 108. Notice to Creditors of General Meeting on Bills. THE BANKRUPTCY ACT, 1869. In the London Bankruptcy Court [or the County Court of In the matter of proceedings for liquidation by arrangement or composition with creditors instituted by of [description as in petition]. A general meeting of the creditors of the above-named person is hereby summoned to be held at [here insert name of town, and street or place] on [instant [or next]] at precisely. the day of noon The sections of the Bankruptcy Act, 1869, under which the proceedings are instituted provide as follows: CLAUSE 125. (SUB-SECTIONS 1 & 5.) (1.) A debtor unable to pay his debts may summon a general meeting of his creditors, and such meeting may, by a special resolution as defined by this Act, declare that the affairs of the debtor are to be liquidated by arrangement and not in bankruptcy, and may at that or some subsequent meeting, held at an interval of not more than a week, appoint a trustee, with or without a committee of inspection. (5.) All such property of the debtor as would, if he were made bankrupt, be divisible amongst his creditors shall, from and after the date of the appointment of a trustee, vest in such trustce under a liquidation by arrangement, and be divi |