New York Laws
Article 3 - Insolvent's Discharge From Debts
58 - Consent of Purchaser or Assignee of Debt.

ยง 58. Consent of purchaser or assignee of debt. Where a consenting
creditor is the purchaser or assignee of a debt against the petitioner,
or the executor, administrator, trustee, or receiver of such a purchaser
or assignee, he is deemed, for all the purposes of this article, except
as to the declaration and receipt of dividends, a creditor only to the
amount, actually and in good faith paid for the debt, by him, or by the
decedent or other person, from whom he derives title, and remaining
uncollected. This section is not affected by the recovery of a judgment
for the debt, after the purchase or assignment; but in that case, the
consenting creditor may include the uncollected costs, as if they were
part of the sum paid for the debt.

Structure New York Laws

New York Laws

DCD - Debtor and Creditor

Article 3 - Insolvent's Discharge From Debts

50 - Who May Be Discharged.

51 - To What Court Application to Be Made.

52 - Contents of Petition.

53 - Consent of Creditors to Be Annexed.

54 - Consent of Executor, Administrator, Receiver, or Trustee.

55 - Consent of Corporation or Joint-Stock Association.

56 - Consent of Partnership.

57 - Effect of Consent Where Petitioner Is a Joint Debtor.

58 - Consent of Purchaser or Assignee of Debt.

59 - Consenting Creditor Must Relinquish Security.

60 - Penalty if Creditor Swears Falsely.

61 - Affidavit of Consenting Creditor.

62 - When Non-Resident Creditor to Annex Accounts and Securities.

63 - Petitioner's Schedule.

64 - Petitioner's Affidavit.

65 - Order to Show Cause.

66 - How Order Published and Served.

67 - Hearing.

68 - Putting Cause on Calendar.

69 - Opposing Creditor to File Specifications, and May Demand Jury Trial.

70 - Opposing Creditor to File Proofs, if Not Named in Schedule.

71 - Proceedings if Jurors Do Not Agree.

72 - When Insolvent Required to Produce His Non-Resident Wife.

73 - Examination of Insolvent.

74 - When Insolvent Cannot Be Discharged.

75 - When Assignment to Be Directed.

76 - Assignment; Contents, and to Whom Made.

77 - Trustees, How Designated.

78 - Effect of Assignment.

79 - When Discharge to Be Granted.

80 - Order to Show Cause Where Trustee Refuses to Give Certificate.

81 - Proceedings Upon Return of Order.

82 - Discharge and Other Papers to Be Recorded.

83 - Effect of Discharge.

84 - Effect of Discharge as to Foreign Contracts or Creditors.

85 - Effect of Discharge as to Debts to the United States and the State.

86 - Insolvent to Be Released From Imprisonment.

87 - Discharge, When Void.

88 - Invalidity May Be Proved on Motion to Vacate Order of Arrest or Execution.