In the final dispersal of the assets of the limited partnership, creditors' rights:

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In the final dispersal of the assets of the limited partnership, creditors' rights precede partners' rights. This means that creditors have the first claim to the assets of the limited partnership before the partners receive any share of the assets. This is important because in the event of bankruptcy or insolvency, creditors have priority over partners in the distribution of assets.

In the Final Dispersal of the Assets of the Limited