|
|
|
State Law
Federal Law
|
New York Debtor and Creditor Law Section 75 - When Assignment To Be Directed.Legal Research Home > New York Lawyer > Debtor and Creditor > New York Debtor and Creditor Law Section 75 - When Assignment To Be Directed.
§ 75. When assignment to be directed. An order, directing the execution
of an assignment, must be made by the court, where it appears, by the
verdict of the jury; or, if a jury has not been demanded, or the jurors
have been discharged by reason of their inability to agree, where it
satisfactorily appears to the court; as follows:
1. That the petitioner is justly and truly indebted to the consenting
creditors, in sums which amount, in the aggregate, to two-thirds of all
the debts, which the petitioner owed, at the time of presenting his
petition, to creditors residing within the United States.
2. That he has honestly and fairly given a true account of his
property.
3. That he has, in all things, conformed to the matters required of
him by this article.
New York Lawyers
Last modified: July 31, 2006 |