How to Put a Client Through Bankruptcy

Cover How to Put a Client Through Bankruptcy
How to Put a Client Through Bankruptcy
Arthur W Arthur Walker Blakemore
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You may have a wide choice as to the court you select for the petition in a partnership case, as it may be filed in any district where the firm has had its principal place of business for the greater portion of the six months preceding the filing of the petition, or it may be filed in any district where a court of bankruptcy has jurisdiction of one of the partners. In case of opposing interests you should try to file your petition as soon as possible, as where petitions are filed in separate di
...stricts, that court where the petition is first filed has sole jurisdiction.
You must advise your client that when the partner- ship itself is declared bankrupt, this brings into the bankruptcy court the individual assets and debts of the several partners to be there administered. When you come to the election of a trustee in a partnership case the same considerations apply as in individual cases.
Where a firm is adjudged bankrupt, the creditors 22 MODERN AMERICAN LAW LECTURE of the partnership appoint a trustee for the creditors, and the individual partners are not entitled to vote.


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