Excepted are those objected to by a creditor who pays
for the maintenance of the debtor in prison. Prisoners discharged
are also discharged from chamber rent and gaolers' fees, but not
from their debts to creditors. Except that no male prisoner may be
discharged during war unless he enlists in the royal army or navy
until the end of the war. In 1774, the discoverer of any asset not
listed by a debtor was to receive 20 pounds per hundred, and
anyone concealing an asset of a debtor was to forfeit 100 pounds
and double the value of the asset.
A person declared bankrupt shall subsequently be examined from
time to time as to their goods, money, or other effects or estate
to prevent the frauds frequently committed by bankrupts. A default
or willful omission shall be deemed felony without benefit of
clergy.
A bankrupt or other person concealing goods to the value of at
least 20 pounds or his books with intent to defraud is a felony
without benefit of clergy.
A debtor refusing to come to court for examination or hiding
assets of more than 20 pounds is guilty of felony and his goods
and estate shall be divided among his creditors.
Later, a bankrupt coming to an examination was allowed to keep 5
(or 7 1/2 or 10) pounds per 100, up to a maximum of 200 (or 250 or
300, respectively) pounds if he paid his creditors 10s. (or
12s.6d. or 15s. respectively) per pound. His future estate was
still liable to creditors (excepting tools of trade, necessary
household goods, bedding, furniture, and wearing apparel of the
family up to 10 pounds) if it could pay every creditor 15s.
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