New York § 5 Notice to creditors to present claims

New York Statutes

§ 5 — Notice to creditors to present claims

New York § 5

Law DCDDebtor & Creditor

Art. 2General Assignments For the Benefit of Creditors

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Bluebook

N.Y. Debtor & Creditor § 5 (2026).

Text

  § 5. Notice to creditors to present claims. The judge may, upon the\npetition of the assignee, authorize him to advertise for creditors to\npresent to him their claims, with the vouchers therefor, duly verified,\non or before a day to be specified in such advertisement, not less than\nten days from the publication thereof, which advertisement or notice\nshall be published in one newspaper, to be designated by the judge, as\nmost likely to give notice to the persons to be served, at least once\nand such additional times as the judge may direct; the last publication\nshall be at least one week prior to the date specified.\n  Said verified claim of creditor shall set forth whether any, and, if\nso, what securities are held for such claim, and whether any, and, if\nso, what payments have bee

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§ 5. Notice to creditors to present claims. The judge may, upon the\npetition of the assignee, authorize him to advertise for creditors to\npresent to him their claims, with the vouchers therefor, duly verified,\non or before a day to be specified in such advertisement, not less than\nten days from the publication thereof, which advertisement or notice\nshall be published in one newspaper, to be designated by the judge, as\nmost likely to give notice to the persons to be served, at least once\nand such additional times as the judge may direct; the last publication\nshall be at least one week prior to the date specified.\n Said verified claim of creditor shall set forth whether any, and, if\nso, what securities are held for such claim, and whether any, and, if\nso, what payments have been made thereon.\n Whenever a claim is founded upon an instrument in writing, such\ninstrument, unless lost or destroyed, shall be filed with the claim.\nAfter the claim is allowed or disallowed, such instrument may be\nwithdrawn by permission of the court. If such instrument is lost or\ndestroyed, a statement of such fact and of the circumstances of such\nloss or destruction shall be filed under oath with the claim.\n