Majority
p. 346MATTER OF YOUNGS. N. T. Common Pleas ; Special Term, November, 1879.
Headnote
Assignee for Benefit of Creditors. — Compromise of Claim due Estate. — Notice to Creditors. — Reference.On an application by an assignee for leave to compromise a claim, due the estate, the court may, in its discretion, require notice to be given to the creditors so that they may be heard.[1]
The application may be referred to a referee, with directions to give by mail (or personally, where practicable), eight days’ notice to the persons indicated by the schedules as creditors.[2]
Application by the assignee of Youngs, Smith & Co., for leave to compromise a claim due the assigned estate.
Miller & Peckham, for assignee.
J. F. Daly, J., in directing notice to be given to the creditors, held as above.