Smith v. Rapp

Citations

• 73 Pa. Super. 1
• 1919 Pa. Super. LEXIS 162

Syllabus

<p>Bankruptcy — National Bankruptcy Act of 1898, Section 67 (f) • — Judgment—Act of bankruptcy.</p> <p>Upon commencement of bankruptcy proceedings, which are in rem, all the property of the alleged bankrupt held by him or for his use, aside from the exemptions, is subject to the jurisdiction of the bankruptcy court, and upon his adjudication, the sequestration reaches all such property, and becomes operative from the institution of the proceedings.</p> <p>Where an execution has been issued in a State court and money paid to the sheriff to be applied to the satisfaction of the same, and the defendant is subsequently adjudged a bankrupt, such money in the hands of the sheriff is the property of the trustee in bankruptcy.</p>