Marshaling Assets
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
In equity. The arranging or ranking of assets in the dua order of administration. Such an arrangement of the different funds under administration as shall enable all the parties having equities thereon to receive their due proportions, notwithstanding any intervening interests, liens, or other claims of particular persons to prior satisfaction out of a portion of these funds, The arrangement or ranking of assets in a certain order towards the payment of debts.
1 Story, Eq. Jur. § 558; 4 Kent, Comm, 421.
The arrangement of assets or claims so as are two classes of asscts, and some creditors ean enforce their claims against both, and others against only one, and thecreditors of the former class are conipelled to exhaust the assets against which they alone have a claim before having recourse to other assets, thus providing for the setilement of as many claims as possible. Pub. St. Mass. p.
1292.