Case ID: f-cas_11/html/0152-02.html
Source: Caselaw Access Project
Author: {"author": "CADWALADER, District Judge.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Case No. 5,896.
    In re HAFER et al.
    [1 N. B. R. 547 (Quarto, 147); 25 Leg. Int. 148; 15 Pittsb. Leg. J. 389.]
    District Court, E. D. Pennsylvania.
    March 17, 1868.
    Bankruptcy — Exemption Out of Partnership Assets.
    The individual members of a bankrupt firm, in Pennsylvania, have no right to any of the partnership assets as exempt property; either under the United States bankrupt law of 1807 [14 Stat. 517], or the law of that state.
    [Cited in Re Parks, Case No. 10.705; Re Blodgett, Id. 1,055: Re Handlin, id. 6,018; Re Corbett, Id. 3.220.]
    In bankruptcy. The assignee in his certificate of exempted property set apart the separate property of the bankrupts [James H. Hafer and brothers], but refused to allow them any part of the partnership assets. To this certificate exceptions were filed on behalf •of the bankrupts, on the ground, that, either jointly or severally, they were entitled to the sum of $500, and also under the act of 1841 to Stat. 440], to property to the value of $300, or sucli sum as, taken with the amount of their separate property, would equal $300.
    .T. Y. Darling, for assignee.
    Mr. Goodman, for bankrupts.
    
      
       [Reprinted from 1 N. B. R. 047 (Quarto, ”147), by permission.]
    
   CADWALADER, District Judge.

As I un•derstand this case, all the separate property of each bankrupt has been allowed to him as exempted. The state exemption laws have been decided by the state courts not to apply to partnership property; and the words of the act of congress manifestly refer only to separate property of the debtor. The exceptions are overruled.