§ 192. Set-off of mutual debts or credits. Where mutual credit has
been given by any debtor, except a debtor proceeding under the fifth
article of this chapter, and any other person, or mutual debts have
subsisted between such debtor and any other person, the trustees may set
off such credits or debts, and pay the proportion or receive the balance
due. But no set-off shall be allowed of any claim or debt, which would
not have been entitled to a dividend as hereinbefore directed.