In Arrowsmith v. Comm'r, 344 U.S. 6, 73 S.Ct. 71, 97 L.Ed. 6 (1952), a corporation was liquidated, but subsequent to the liquidation a judgment was rendered against it. As a result, the shareholders who had received capital gain income from the liquidation of the corporation were required to disgorge part of that income to satisfy a claim by the corporation's creditor. In Arrowsmith, the funds received by the shareholders at the time of their corporation's liquidation were partly the object of a competing claim; when that competing claim was perfected, the shareholders were obligated to turn over the funds.