This is the order of preference in the liquidation of a Limited partnership:

1. Outside creditors; general partners other than for capital and profits; limited partners in respect to their share of the profits; limited partners in respect to the capital; general partners in respect to profits; general partners in respect to capital.
2. Outside creditors; limited partners in respect to the capital; limited partners in respect to their share of the profits; general partners other than for capital and profits; general partners in respect to capital; general partners in respect to profits;
3. Outside creditors; limited partners in respect to their share of the profits; limited partners in respect to the capital; general partners other than for capital and profits; general partners in respect to capital; general partners in respect to profits.
4. Outside creditors; limited partners in respect to their share of the profits; limited partners in respect to the capital; general partners other than for capital and profits; general partners in respect to profits; general partners in respect to capital.