N.Y. Debtor & Creditor Law § 107: When discharge to be granted; effect thereof

§ 107. When discharge to be granted; effect thereof. Upon the

production by the petitioner, of the certificates of the trustee or

trustees, and the county clerk, to the effect prescribed in section

seventy-nine of this chapter, the court must grant to the petitioner a

discharge, declaring that the petitioner is forever thereafter exempted

from arrest or imprisonment, by reason of any debt due at the time of

making the assignment, or contracted before that time, though payable

afterwards; or by reason of any liability incurred by him, by making or

indorsing a promissory note, or by accepting, drawing, or indorsing a

bill of exchange, before the execution of the assignment; or in

consequence of the payment, by any party to such a note or bill, of the

whole or any part of the money secured thereby, whether the payment is

made before or after the execution of the assignment, with the

exceptions specified in section one hundred and thirty-eight of this

chapter. The discharge shall have the effect therein declared, as

prescribed in this section.