In re Farmer

LOWELL, District Judge.

It is a familiar principle that real estate which is the property of a firm must, in equity, be applied to the payment of the debts of the firm, however. the legal title may stand. The right to require this application subsists in each partner, or in his representatives, until the joint affairs are settled, and is superior to the rights of the widow, or heirs, or separate creditors of the several partners. Assignees in bankruptcy of the partners, or any of them,- are bound by this rule, which indeed is, to a certain extent, expressed in the bankrupt act [of 1867 (14…