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TQ 4.2: On dissolution,Bubba'sBurritos owes $100,000 to its creditors, including $20,000 lent to the partnership by one of its partners,Capel. a) Should the debt owed

TQ 4.2:On dissolution,Bubba'sBurritos owes $100,000 to its creditors, including $20,000 lent to the partnership by one of its partners,Capel.

a) Should the debt owed toCapelbe treated differently from the debt owed to the other creditors?

b) Suppose that the partnership has no assets. Can the inside (Capel) and outside creditors collect the unpaid balance of their claims from the partners individually?

See RUPA 306 & 807 (and comments)

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