In cases of insolvent estates; first, in consequence of the character of the creditor; e.g., debts due to the United States are generally to be first paid; secondly, in consequence of the nature of the debt; e.g.
In payment of debts, some are to be paid before others, in cases of insolvent estates first, in consequence of the character of the creditor, as debts due to the United States are generally to be first paid; and secondly, ...
"On an equal footing or proportionately. A phrase used especially of the creditors of an insolvent estate who (with certain exceptions) are entitled to payment of their debts in shares proportioned to their respective claims." ...
TABLEAU OF DISTRIBUTION. In Louisiana this is a list of creditors of an insolvent estate, stating what each is entitled to. 4 N. S. 535. ... more ...
See also: Insolvent, Creditor, Credit, Law, Estate
 
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