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IRISH BANKRUPT AND INSOLVENT ACT 1857 - SECT 252

Debts not payable at time of bankruptcy may be proved, deducting relate of interest.

252. Any person who shall have given credit to the bankrupt or insolvent upon
valuable consideration for any money or other matter or thing whatsoever which
shall not have become payable at the time of the filing of the
petition of bankruptcy or insolvency, and whether such credit shall have been
given upon any bill, bond, note, or other negotiable security or not, shall be
entitled to prove or may be admitted as a creditor in respect of such debt,
bill, bond, note, or other security, as if the same was payable presently, and
receive dividends equally with the other creditors, deducting only thereout a
rebate of interest for what he shall so receive at the rate of six pounds per
centum per annum, to be computed from the declaration of a dividend to the
time such debt would have become payable according to the terms upon which it
was contracted.][

© 1857 Crown Copyright

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