When the real and personal property of any decedent is insufficient for the payment of the debts, the proceeds arising from the sale thereof must be distributed as directed by section 43-2-371 in proportion to the amounts due to each class of creditors, in the order in such section specified.
Structure Code of Alabama
Title 43 - Wills and Decedents' Estates.
Chapter 2 - Administration of Estates.
Article 19 - Insolvent Estates.
Division 1 - General Provisions.
Section 43-2-700 - Order and Preference of Payment of Debts.
Section 43-2-701 - Report of Insolvency - Generally.
Section 43-2-702 - Report of Insolvency - Statement to Be Filed With Report.
Section 43-2-703 - Report of Insolvency - Affidavit Accompanying Report and Statement.
Section 43-2-704 - Time for Hearing; Notice of Hearing.
Section 43-2-705 - Trial of Issue of Insolvency to Be by Jury.
Section 43-2-706 - Payment of Costs.
Section 43-2-707 - Declaration of Insolvency.
Section 43-2-708 - Second Declaration by Succeeding Administrator Not Necessary.