2016 New York Laws
DCD - Debtor & Creditor
Article 3 - (Debtor & Creditor) INSOLVENT'S DISCHARGE FROM DEBTS
54 - Consent of executor, administrator, receiver, or trustee.

NY Debt & Cred L § 54 (2016) What's This?

54. Consent of executor, administrator, receiver, or trustee. An executor or administrator may become a consenting creditor, under the order of the surrogate's court from which his letters issued. A trustee, official assignee, or receiver of the property of a creditor of the petitioner, whether created by operation of law or by the act of parties, may become a consenting creditor, under the order of a justice of the supreme court. A person who becomes a consenting creditor, as prescribed in this section, is chargeable only for the sum which he actually receives, as a dividend of the insolvent's property.


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