Moorcroft v. Severance (2018)

Citation: Moorcroft v. Severance (2018)
Parent Document: Moorcroft v. Severance (2018)
Jurisdiction: Vermont (state)
Effective Date: 2018-03-12
Original Source: https://www.courtlistener.com/opinion/10026703/moorcroft-v-severance/ ↗

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Pride Auto entities were partnerships, the hard assets of the entities would be sold by bulk
auction or other reasonable means to pay Shirley and Arthur first, not the partners. If Shirley and
Arthur’s debt owed was fully supported, it is likely that a court-ordered liquidation sale would
leave a balance still owing Shirley and Arthur after distribution of sale proceeds. To the extent
the alleged partnerships might have partnership creditor claims not paid from the assets
dissolution sale, and not subject to statute of limitations defenses, if John was one of the general
partners, he could be personally sued by Arthur and Shirley for any recoverable net balance
owed them. 11 V.S.A. section 3226(a).

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