Simmons v. Phelps , 12 Ky. Op. 337 ( 1883 )

OPINION by

Judge Pimm:

The objection to the judgment below is this: the appellant, the debtor, had made an assignment for creditors. This passed his entire estate except such as was exempt from execution. These creditors, appellees, declined to accept the provisions of the assignment for creditors generally and saw proper to look to the homestead alone for the payment of their debts. If they did not decline they must have received their pro rata portion of the estate that was sold and not exempt; we learn, however, from the brief of their counsel that they did not present their claims. If they had presented their claims the chancellor would have distributed the fund arising from the- sale of the property not exempt from execution equally between the cred-. itors, and then for the balance due the creditors, whose claims antedated the homestead act, the sanie would have been subjected to discharge. This is the doctrine settled by this court in the case of Webster v. Bronston, 5 Bush (Ky.) 521, and Shanklin v. Harshfield, 9 Ky. Opin. 469.

R. J. Meyler, for appellant. F. P. Strauss, for appellees.

The judgment is therefore reversed and cause remanded with directions to ascertain what the pro rata would have been of these creditors in the fund arising from the sale of the unexempted property; and deducting that sum from the debts of the appellees, the balance remaining will be satisfied by the sale of the homestead.