...creditor has a mortgage or nleduioof r««l — j--;.oonal Statement of the case. property, or a lion thereon for securing the payment of a debt owing to...be admitted as a creditor only for the balance of a debt after deducting the value of euch property, to be ascertained by agreement between him and the...

...enacts: " When a creditor has a mortgage or pledge of real or personal Statement of the case. property, or a lien thereon for securing the payment of a debt owing to him from the bankrnpt, he shall bo admitted as a creditor only for the balance of a debt after deducting the value...

...of a claim purchased by or transferred to him after the filing of the petition. 99 When a creditor has a mortgage or pledge of real or personal property...the balance of the debt after deducting the value of each property, to be ascertained by agreement between him and the assignee, or by'a sale thereof, to...

...bankrupt of a claim purchased by or transferred to him after the filing of the petition When a creditor has a mortgage or pledge of real or personal property...owing to him from the bankrupt, he shall be admitted aa a creditor only for the balance of the debt after deducting the value of such property, to be ascertained...

...Butler vs. Morgan, 8 Watts & Serg., 53. Proofs by Creditors Tiolding Security. — A creditor holding a mortgage, or pledge of real or personal property of the bankrupt, or who has a lien thereoa for securing the payment of a debt owing from the bankrupt, is admitted as a...

...final hearing on the application for a discharge. By section 20, it is provided that " when a creditor has a mortgage or pledge of real or personal property...to him from the bankrupt, he shall be admitted as creditor only for the balance of the debt after deducting the value of such property, to be ascertained...

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...judgment lien. The 20th section of the Bankrupt Act declares that, " when a creditor has a mortgage.or pledge of real or personal property of the bankrupt,...thereon for securing the payment of a debt owing to him by the bankrupt, he shall be admitted as a creditor only for the balance of the debt, after deducting...

...Act, still it was a mortgage on personal property of the debtors, held by the creditor, Robert Orr, for securing the payment of a debt owing to him from the bankrupt, and thus within the saving clause of section twenty of the Act ; and, it not being alleged in the petition,...