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New York · Through 2026-09-11

N.Y. Debtor & Creditor Law § 200: Allowance to debtor

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Where this section sits in the code
  1. Debtor & Creditor Law
  2. Article 7. Trustees For Insolvent and Imprisoned Debtors

§ 200. Allowance to debtor. Every debtor who shall be discharged under

the third or fourth articles of this chapter shall be allowed the sum of

five per centum on the net produce of all his estate, that shall be

received by the assignees, to be paid to him by them, in case such net

produce, after such allowance made, shall be sufficient to pay the

creditors of such debtor, entitled to a dividend, the sum of seventy

cents on the dollar, on the amount of their debts respectively, as the

same shall have been ascertained; but the said allowance shall not

exceed in the whole, the sum of five hundred dollars.

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

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