§ 75 — When assignment to be directed

New York § 75

• Jurisdiction: New York
• Law DCD: Debtor & Creditor
• Art. 3: Insolvent's Discharge From Debts

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§ 75. When assignment to be directed. An order, directing the\nexecution of an assignment, must be made by the court, where it appears,\nby the verdict of the jury; or, if a jury has not been demanded, or the\njurors have been discharged by reason of their inability to agree, where\nit satisfactorily appears to the court; as follows:\n 1. That the petitioner is justly and truly indebted to the consenting\ncreditors, in sums which amount, in the aggregate, to two-thirds of all\nthe debts, which the petitioner owed, at the time of presenting his\npetition, to creditors residing within the United States.\n 2. That he has honestly and fairly given a true account of his\nproperty.\n 3. That he has, in all things, conformed to the matters required of\nhim by this article.\n