Blackstone v. His Creditors
Blackstone v. His Creditors
Opinion of the Court
Lancaster, Denby & Co., and S. W. Oakey & Co., creditors of the insolvent, have appealed from a judgment dismissing their opposition to the tableau of distribution filed by the syndic. They claimed under article 722 of the Code of Practice, a privilege upon certain immoveable property and slaves, levied upon by them previous to the filing of the insolvent’s schedule. The record shows that the property seized was subject to judicial mortgages of an older date than theirs, and to a special mortgage in favor of L. Lastrapes, Desmare & Co. Although the law allows to the seizing creditor a privilege over the ordinary creditor, as a reward for his diligence, it clearly does not entitle him to be paid in preference to creditors holding prior liens or mortgages.
The appellants Lancaster, Denby & Co. have claimed, besides, the vendor’s privilege on the proceeds of certain slaves, which they say were sold by them to Blackstone, who gave drafts for the price upon the firm of Wilkinson, McNeil & Co. of Natchez, who accepted the drafts, but took the title to the slaves in their own name, and gave a promise in writing to the insolvent to transfer the title to him as soon as he should have paid the debt, wbicli he never did. They aver that their debt, for which they obtained
Judgment affirmed,
Reference
- Full Case Name
- Pleasant M. Blackstone v. His Creditors
- Status
- Published