2013 New York Consolidated Laws
DCD - Debtor & Creditor
Article 3 - (50 - 88) INSOLVENT'S DISCHARGE FROM DEBTS
58 - Consent of purchaser or assignee of debt.

 
    §  58.  Consent  of  purchaser or assignee of debt. Where a consenting
  creditor is the purchaser or assignee of a debt against the  petitioner,
  or the executor, administrator, trustee, or receiver of such a purchaser
  or  assignee, he is deemed, for all the purposes of this article, except
  as to the declaration and receipt of dividends, a creditor only  to  the
  amount,  actually and in good faith paid for the debt, by him, or by the
  decedent or other person, from whom  he  derives  title,  and  remaining
  uncollected.  This section is not affected by the recovery of a judgment
  for the debt, after the purchase or assignment; but in  that  case,  the
  consenting  creditor  may include the uncollected costs, as if they were
  part of the sum paid for the debt.