New York Debtor & Creditor Law Section 57 - Effect of consent where petitioner is a joint debtor.

57. Effect of consent where petitioner is a joint debtor. A creditor's consent does not affect his remedy against any person or persons indebted jointly with the petitioner; and the petitioner's discharge has the effect, as between the creditor and the other joint debtors, of a composition between the petitioner and the creditor, made as prescribed in title one of article fifteen of the general obligations law.


Last modified: February 3, 2019