Bullock v. Hubbard

Citations

• 23 Cal. 495

Syllabus

<p>B. & L. were partners. B. & L. as a partnership was also a member of two other firms—B., B. & S. and B., L., S. & D. The firms all failed, and their property was attached by creditors. The creditors of B., L. & S. and B., L., S. & D. obtained the first attachments, and placed them in the hands of the Sheriff, before the creditors of B. & L. placed their’s in his hands. The Sheriff levied all the wits on the property in the order in which they were placed in his hands. The Sheriff had in his hands a sum of money received from the sale of the property of B. & L. to apply on the executions issued on judgments rendered in the actions :</p> <p>Held, that the creditors of B. & L. were entitled to the money; and that, where a partnership is composed of two or more firms, the creditors of one of the firms are entitled to a preference in the payment of their debts, over the creditors of the whole partnership, out of money the proceeds of the property of that firm.</p>