View Our Newest Version Here

2012 New York Consolidated Laws
DCD - Debtor & Creditor
Article 4 - (100 - 111) INSOLVENT'S EXEMPTION FROM ARREST AND IMPRISONMENT
101 - Contents of petition.


NY Debt & Cred L § 101 (2012) What's This?
 
    §  101. Contents of petition. The petition must be in writing; it must
  be signed by the insolvent, and specify his residence, and also,  if  he
  is in prison, the county in which he is imprisoned, and the cause of his
  imprisonment.  It must set forth, in substance, that he is unable to pay
  all his debts in full; that he is willing to assign his property for the
  benefit of all his creditors, and in all other respects to  comply  with
  the  provisions  of this article, for the purpose of being exempted from
  arrest and imprisonment, as prescribed therein; and it must  pray,  that
  upon  his so doing, he may thereafter be exempted from arrest, by reason
  of a debt, arising upon a contract previously made; and also, if  he  is
  imprisoned,  that he may be discharged from his imprisonment. It must be
  verified by the affidavit of the insolvent, annexed  thereto,  taken  on
  the day of the presentation thereof, to the effect, that the petition is
  in all respects true in matter of fact.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.