New York § 101 Contents of petition

New York Statutes

§ 101 — Contents of petition

New York § 101

Law DCDDebtor & Creditor

Art. 4Insolvent's Exemption From Arrest and Imprisonment

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Bluebook

N.Y. Debtor & Creditor § 101 (2026).

Text

  § 101. Contents of petition. The petition must be in writing; it must\nbe signed by the insolvent, and specify his residence, and also, if he\nis in prison, the county in which he is imprisoned, and the cause of his\nimprisonment. It must set forth, in substance, that he is unable to pay\nall his debts in full; that he is willing to assign his property for the\nbenefit of all his creditors, and in all other respects to comply with\nthe provisions of this article, for the purpose of being exempted from\narrest and imprisonment, as prescribed therein; and it must pray, that\nupon his so doing, he may thereafter be exempted from arrest, by reason\nof a debt, arising upon a contract previously made; and also, if he is\nimprisoned, that he may be discharged from his imprisonment. It must be\n

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§ 101. Contents of petition. The petition must be in writing; it must\nbe signed by the insolvent, and specify his residence, and also, if he\nis in prison, the county in which he is imprisoned, and the cause of his\nimprisonment. It must set forth, in substance, that he is unable to pay\nall his debts in full; that he is willing to assign his property for the\nbenefit of all his creditors, and in all other respects to comply with\nthe provisions of this article, for the purpose of being exempted from\narrest and imprisonment, as prescribed therein; and it must pray, that\nupon his so doing, he may thereafter be exempted from arrest, by reason\nof a debt, arising upon a contract previously made; and also, if he is\nimprisoned, that he may be discharged from his imprisonment. It must be\nverified by the affidavit of the insolvent, annexed thereto, taken on\nthe day of the presentation thereof, to the effect, that the petition is\nin all respects true in matter of fact.\n