New York Debtor and Creditor Law Section 4 - Debtor's Schedule.

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  § 4.  Debtor's schedule. 1. A debtor making an assignment shall, at the
  date thereof or within twenty days thereafter, cause  to  be  made,  and
  filed  with  the  county  clerk  of  the county where such assignment is
  recorded, and file a duplicate thereof with the assignee,  an  inventory
  or schedule containing:
    (a)  The  name, occupation, place of residence, and place of business,
  of such debtor;
    (b) The name and place of residence of the assignee;
    (c) A full and true account of  all  the  creditors  of  such  debtor,
  stating the last known place of residence or business of each, if known,
  if  unknown  the fact to be stated, the sum owing to each, with the true
  cause and consideration therefor, and a full statement of  any  existing
  security for the payment of the same;
    (d)  A full and true inventory of all such debtor's estate at the date
  of such assignment, both real and personal, in law and in  equity,  with
  the  incumbrances  existing  thereon,  and  the actual value of the same
  according to the best knowledge of such debtor; and  a  claim  for  such
  exemptions as he may be entitled to;
    (e) An affidavit made by such debtor, that the same is in all respects
  just and true.
    2.  In case such debtor shall omit, neglect or refuse to make and file
  such inventory or schedule within the twenty days required, the assignee
  named in such assignment  shall,  within  thirty  days  after  the  date
  thereof,  cause  to  be  made,  and filed as aforesaid such inventory or
  schedule as above required, in so far as he can; and  for  such  purpose
  the  judge  shall,  at  any time, upon the application of such assignee,
  compel by order such delinquent debtor, and any other person  to  appear
  before  him and disclose, upon oath, any knowledge or information he may
  possess, necessary to the proper making of such inventory  or  schedule.
  The  assignee shall verify the inventory and schedule so made by him, to
  the effect that the same is in all respects just and true to the best of
  his knowledge and belief.
    3. In case the said assignee shall be unable to  make  and  file  such
  inventory  or  schedule,  within  said  thirty days, the judge may, upon
  application upon oath, showing such inability, allow  him  such  further
  time  as  shall  be necessary, not exceeding sixty days. If the assignee
  fail to make and file such inventory or schedule within said thirty days
  or such further time as may be allowed,  the  judge  shall  require,  by
  order,  the  assignee forthwith to appear before him, and show cause why
  he should not be removed. Any person interested in the trust estate  may
  apply  for  such  order and demand such removal. The books and papers of
  such delinquent debtor shall at all times be subject to  the  inspection
  and  examination  of any creditor. The judge is authorized, by order, to
  require such debtor or assignee to allow such inspection or examination.
  Disobedience to such order is a contempt, and obedience  to  such  order
  may be enforced by attachment.
    4.  The  assignor  shall  comply  with all lawful orders of the judge;
  examine the correctness of all claims presented against his  estate,  if
  ordered  by  the judge so to do, and if any is incorrect or false notify
  his assignee thereof immediately; deliver to his assignee all his books,
  papers and records; execute and deliver such papers as shall be  ordered
  by  the  judge; and execute and deliver to his assignee transfers of all
  his property outside the state of New  York.  When  so  ordered  by  the
  judge,  the  assignor shall attend before the assignee, a referee or the
  court in the county  where  the  assignor  resides,  and  submit  to  an
  examination  under  oath  concerning the conducting of his business, the
  cause of his inability to pay his debts, his dealings with his creditors
  and other persons, the amount, kind and whereabouts of his property, and
  all matters which may affect the administration and  settlement  of  his
  estate.
    5. In any examination of the assignor ordered by the judge pursuant to
  subdivision  four  of  this  section,  the  court may confer immunity in
  accordance  with  the  provisions  of  section  50.20  of  the  criminal
  procedure  law;  provided,  however, that no immunity shall be conferred
  except upon twenty-four hours prior written notice  to  the  appropriate
  district attorney having an official interest therein.
    6.  The  court  may  allow as an administrative expense one reasonable
  fee, irrespective  of  the  number  of  attorneys  employed,  for  legal
  services  rendered  to  the  assignor  in  preparing  the assignment and
  assisting the assignor to comply with his duties in respect of schedules
  and inventory. If  a  debtor,  in  contemplation  of  making  a  general
  assignment  for  the  benefit  of creditors, shall pay money or transfer
  property, directly or indirectly, to an attorney for  services  rendered
  or  to  be  rendered  in connection with the assignment, the transaction
  shall be reexamined by the court on petition  of  the  assignee  or  any
  creditor  and  shall  be  held  valid only to the extent of a reasonable
  amount to be determined by the court, and the excess may be recovered by
  the assignee for the benefit of the estate.

Last modified: July 31, 2006