Federal Bankruptcy

This page created 28 Aug 2011

R. Cobb

Bankruptcy of Robertson H. Cobb, son of Robert Livingston Cobb and Cornelia Mims. Robert was in business in Eddyville, Kentucky, with his father and brothers Joshua and Linah before the Civil War, but the firm fell on hard times after the war and Joshua and Linah filed bankruptcy petitions on 29 Feb 1868. Robert filed for bankruptcy on 26 Apr 1878 in the U.S. District Court in Paducah, Kentucky.

The information below was extracted from the case file no. 972, J. C. Cobb Bankruptcy, and consists mainly of the schedules filed by the bankrupt. There are extensive documents related to the bankruptcy proceedure which are not included here. The totals and summaries included here do not exist in the original file.

Schedule A – Debts:

Section A-1 – Preferred debt: none

Section A-2 – Secured Debts: none

Section A-3, Unsecured Debts:

Creditor	Residence	Date	Amt	Details
Wm McKnight, decd	Lyon Co., Ky	1859	about 700.00	Contracted by R L Cobb & Sons Judgt
H Collie, decd	Belleview Ky	1859	about 350.00	Contracted by R L Cobb & Sons Judgt
			about 250.00	Contracted by R L Cobb & Sons Judgt
Garrett Gray, Tennessee Rolling Mill	Lyon Co. Ky	about 1858	not known	M M Tyler note and recd by R L Cobb & son note
M L Brawell	Eddyville, Ky	about 74	about 75.00	Debt of Mrs. John Cobb Ptnr [petitioner ?] surety
Petitioner & R L Cobb, L M Cobb & J C Cobb were doing business in partnership which was dissolved by petitioner’s withdrawal the 1st of July 1861 and there may be other debts growing out of said partnership business but if there are others petitioner does not now remember them. R L Cobb has died and both L M & J C Cobb have availed themselves of the benefit of the bankrupt law many years since, that the books of said firm were surrendered to the assignee in the case of L M & J C Cobb bankruptcy.
Mrs. L B Brnek	Shurman, Texas	1870	2,000.00	Note executed Dec 1877
Mrs. L A Sykes	Muldon, Missippi	1873	800.00	Note executed Dec 1877
J T Jameson, guardian	Muldon, Miss	1873	14.00	Note executed Dec 1877
Bue Knut Terrell	Paducah, Ky	1876	335.00	Note executed
Wallestein Bros	Paducah, Ky	1877	about 45.00	Acceptance
Fambaker & Wallenstein	Paducah, Ky	1876	about 6.00	Acceptance
Chas Reed	Paducah, Ky	1876	100.00	½ of J C Noble note on which petitioner & Reed ___ ___ paid off by Reed
Joel Meullins	Wingo Ky	Jul 1873	about 1,300.00	Contracted as a member of the firm of Kay Cobb & Selser [?] from which firm petitioner withdrew in Sept 1873, the debts of the firm having been assumed by the remaining partners Kay & Selser [?] and who ought to bay this debt.
Sismott & Dick	Paducah, Ky	1875	35.00	Note executed
B A Neal	Mayfield, Ky		60.00	Fou [?] as cometh atty for forfeited amt by John Williams on which petitioner was surety all of said amt having been removed by the Govenor except the attorneys fee

Summary:

R L Cobb & Son debt	about 1,375.00
R Cobb debt	about 4,695.00
Total	about 6,070.00

Section A-4 – Notes or bills: none

Section A-5 – Accommodation paper: none

Listing of debts from notice of creditors’ meeting:

Creditor	Residence	Amt
Debts created by R L Cobb & Sons:
Wm McKnight	Eddyville, Ky	700.00
H Callie	Eddyville, Ky	350.00
Garrett Gray	Tennessee Rolling Markely [?]	510.00
Debts created by R Cobb:
Mrs. L B Bruek	Sherman, Texas	2,000.00
Mrs. L A Sukes	Muldon, Miss	800.00
J T Johnson	Muldon, Miss	14.00
Buckner Terrell	Paducah, Ky	335.00
Wallestzen Bros.	Paducah, Ky	45.00
Farmbaker & Wallestion	Paducah, Ky	6.00
Chas. Reed	Paducah, Ky	100.00
Joel Muellins	Wingo Sta Ky	1,300.00
Total from R L Cobb & Sons		1,560.00
Total from R Cobb		4,600.00
Total		6,160.00

Schedule B – Assets

Section B-1 – Lands: none

Section B-2 – Personal Property:

Part 1 – Cash: none

Part 2 – Bills of exchange, notes, etc.: none

Part 3 – Stock in Trade: none

Part 4 – Household goods and wearing apparel:
wearing apparel of self & family: 200.00
household property belongs to wife

Part 5 – Books: none
books, miscellaneous: abt 300.00

Part 6 – Livestock:
one cow: about 10.00

Part 8 – Farming stock: none

Part 9 – Shipping: none

Part 10 – Machinery use in business: none

Part 11 – Other: none

Section B-3 – Choses in Action

Part 1 – Debts due petitioner: none

Part 2 – Stocks: none

Part 3 – Insurance:
Life policy for benefit of wife the premiums of which are paid out of her separate means: 300.00

Part 4 – Claims: none

Section B-4 – Reversions and Remainders

one fifth of the Petitioners Decd Mothers estate – which estate is now encumbered with debts larger than the estate will pay. This estate is in the hands of the other heirs and the value of petitioners interest therein cannot be ascertained until the property can be sold & the debts paid.

Part B-5 – Exempt Property:

Wearing apparel of wife & children	200.00
Library miscellaneous	200.00
One milch cow	10.00
Total	410.00

Notes:

I have copies of each of the pages extracted above. Please contact me for clarification or copies, using the link below.
The original records are handwritten, in some cases faded, and some films of poor quality. Errors no doubt were made.
Source: Abstracts were made from case file no. 972 Bankruptcy Case Files, Act of 1867, Records of the U.S. District Court, Record Group 21, Western District of Kentucky, Paducah Term, National Archives and Records Administration, Southeast District, Morrow, Georgia

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