In a limited partnership, when it is wound up

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In a limited partnership, when it is wound up and the assets are distributed, how does a limited partner (lets say Charles) who is also a creditor receive his assets back? Lets say he had contributed $1,000 loan as a creditor in addition to his contributed capital. Would he receive only his $1,000 loan first and then the rest when it is the partners' turn?

Reference no: EM13147789

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