Andrews v. John Nix & Co.

Citations

• 246 U.S. 273
• 38 S. Ct. 249
• 62 L. Ed. 711
• 1918 U.S. LEXIS 1544

Syllabus

<p>Creditors who participated in the initiation of involuntary bankruptcy proceedings, in the election of a trustee and in a creditors’ meeting resulting in expense to the estate, and who filed and secured allowance of their claims, but who received no payments and, before any dividend was declared, obtained an order that their claims be wholly withdrawn and expunged and excluded from participating in the distribution of the estate, held not to be “creditors participáting in the distribution” of the estate “under the bankruptcy proceedings” within the meaning of § 70a, subdivision 5, of the Bankruptcy Act.</p>