Court dismisses appeal regarding reduction of credit account balance under bankruptcy law sections 67 and 74.
Sintesi Legislator
Generato dall'IAThe court dismissed the appellant's appeal challenging the reduction of the balance on a credit account held by the defendant. The appellant argued that the reduction violated specific provisions of the Bankruptcy Act, while the defendant maintained the action was lawful under the statute. The court ruled that the reduction complied with the statutory requirements and thus rejected the appeal.
Regesto Legislator
Generato dall'IABankruptcy Act s. 67; s. 74: A reduction of a credit account balance in bankruptcy proceedings is valid if it strictly adheres to the statutory procedures and conditions outlined in the specified sections.
Parole chiave
Generato dall'IADisposizioni normative citate
Generato dall'IADecisioni correlate
Generato dall'IATesto completo
Sag vedrørende spørgsmålet om, hvorvidt nedbringelse af saldo på en kassekreditkonto hos sagsøgte, kan omstødes i medfør af konkurslovens §67, alternativ §74