Corey v. Perry
Supreme Judicial Court of Maine
On exceptions from the superior court. Assumpsit, commenced March 6,1876, entered at the April term 1876, and tried by the justice without the intervention of a jury, at this February term, 1877, subject to exceptions in matters of law.
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On exceptions from the superior court. Assumpsit, commenced March 6,1876, entered at the April term 1876, and tried by the justice without the intervention of a jury, at this February term, 1877, subject to exceptions in matters of law. Ad damnum, $60. Plea, the general issue, with brief statement, as follows : That on the 3d day of March, A. D. 1873, said defendants’ creditors filed a petition in bankruptcy against him, the said James C. Perry, in the district court of the United States for the district of Maine, upon which petition, after due notice, he was on the 7th day of April, A. D.…
1Opinion of the CourtAppleton, C. J.
The bankrupt law of the United States provides for the discharge of individuals from individual debts and of partners from the debts of the firm. The assets of the individual cannot be diverted from the payment of individual debts to the payment of firm debts, nor can those of the firm from firm debts to the payment of individual debts. The individual estate and its assets and liabilities and the firm estate and its assets and liabilities are kept separate and distinct, so that the creditors of the firm and of the individuals composing it may receive equal and exact justice.
The twelfth rule…
2Cases cited2 opinions
- Amsinck v. BeanSupreme Court of the United States · 1875
- In re NoonanU.S. Circuit Court for the District of Eastern Wisconsin · 1873
3Cited by2 opinions
- Virginia-Carolina Chemical Co. v. FisherSupreme Court of Florida · 1909
- Mattix v. LeachIndiana Court of Appeals · 1896