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New York · Through 2026-09-11

N.Y. Debtor & Creditor Law § 101: Contents of petition

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Where this section sits in the code
  1. Debtor & Creditor Law
  2. Article 4. Insolvent's Exemption From Arrest and Imprisonment

§ 101. Contents of petition. The petition must be in writing; it must

be signed by the insolvent, and specify his residence, and also, if he

is in prison, the county in which he is imprisoned, and the cause of his

imprisonment. It must set forth, in substance, that he is unable to pay

all his debts in full; that he is willing to assign his property for the

benefit of all his creditors, and in all other respects to comply with

the provisions of this article, for the purpose of being exempted from

arrest and imprisonment, as prescribed therein; and it must pray, that

upon his so doing, he may thereafter be exempted from arrest, by reason

of a debt, arising upon a contract previously made; and also, if he is

imprisoned, that he may be discharged from his imprisonment. It must be

verified by the affidavit of the insolvent, annexed thereto, taken on

the day of the presentation thereof, to the effect, that the petition is

in all respects true in matter of fact.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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