Case Name: Bostwick v. His Creditors
Court: Louisiana Supreme Court
Jurisdiction: Louisiana
Decision Date: 1841-01
Citations: 17 La. 505
Docket Number: 
Parties: Bostwick v. His Creditors.
Judges: 
Reporter: Louisiana Reports
Volume: 17
Pages: 305–306

Head Matter:
Bostwick v. His Creditors.
A mortgagee claiming to have a mortgage on some of the property surrendered, given» by the wife of the insolvent, cannot be admitted to a meeting of his creditors and vote for the saloof’the property for cash.
None but a creditor of the insolvent can be present at the meeting of his creditors. A mortgagee only of some of the property surrendered, who is not a creditor, can exercise his hypothecary action against it or its proceeds in the hands of the syndic.
Appeal from the court of the third district for the parish of East Feliciana, the judge thereof presiding.
George Sieber claimed to be a mortgage creditor of the insolvent and made opposition to the proceedings of the creditors, in voting to sell the property surrendered on a credit; whereas he demanded, that a, sufficiency to. satisfy Ms claim be sold for cash. There was a judgment overruling Ms opposition, and he appealed.
It turned out in evidence that he was only the assignee of a mortgage given on a portion of the property surrendered, by the wife of the insolvent,
[506] Lawson for the appellant, Sieber.
Muse S Andrews contra:

Opinion:
Mabtkt, J.
delivered the opinion of the court.
This is an appeal from the judgment of the district court overruling the appellant's opposition to the homologation of the deliberations of the creditors of the insolvent, directing the sale of all the property ceded to be sold on a credit; notwithstanding the opposition of the appellant, who required the sale of the property which was mortgaged to him, should be for cash.
The claim of the appellant as a mortgage creditor results from the transfer of a deed of mortgage given by the insolvent's wife on certain property with his authorization, to Boatner & Norwood. This, indeed, makes Mm a mortgage creditor of the wife and authorized Mm to proceed by the hypothecary action against the syndic, if the property was in his possession; but did not give him the right to appear in the concurso of creditors, in order to require a sale of the property for cash; for it is only the mortgage creditor of the insolvent who may appear at the meeting and demand a sale of the mortgaged premises for cash. The meeting of the creditors has no direction to give as to the manner of selling property, mortgaged by other persons than the insolvent; although it may make part of what he has surrendered. The opposition was properly overruled.
It is therefore ordered, adjudged and decreed, that the judgment of the district court be affirmed, with costs.