N.Y. Debtor & Creditor Law § 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.