Enquire within upon everything
Robert Kemp Philp5621552. Priority Debts. Certain debts have priority, and must be paid in full, or as far as assets will admit. These are--parochial and local rates, due at date of receiving order, or within a year before; assessed land, property, and income tax, up to April 5th next before date of order, not exceeding one year's assessment; wages and salaries of clerks, servants, labourers, or workmen, not exceeding £50, due for four months' service. [WHAT IS DONE WELL ENOUGH, IS DONE QUICKLY ENOUGH.] 1553. Distraint with Bankruptcy. Landlord may distrain for rent either before or after bankruptcy, but only for one year's rent if after bankruptcy. Any balance beyond one year's rent must be proved as in case of an ordinary debt. 1554. Allowance for Maintenance. Allowance for maintenance may be made to bankrupt by the Trustee with consent of committee of inspection, for his support, or for services in winding up the estate. Where the bankrupt is a beneficed clergyman, the Trustee may apply for sequestration of profits, and, with concurrence of the bishop, allow a sum equal to a curate's stipend for bankrupt's services in the parish. In the case of officers and civil servants, in receipt of salary, the Court directs what part of bankrupt's income shall be reserved for benefit of creditors. 1555. Declaration of Final Dividend. A final dividend may be declared when the Trustee and committee of inspection consider that as much of the estate has been realised as can be done fairly without needlessly protracting the bankruptcy.

