N.Y. Debtor & Creditor Law Section 87
Discharge, when void


A discharge, granted as prescribed in this article, is void, in either of the following cases:

1.

Where the petitioner wilfully swears falsely, in the affidavit annexed to his petition or schedule, or upon his examination, in relation to any material fact, concerning his property or his debts, or to any other material fact.

2.

Where, after presenting his petition, he sells, or in any way transfers or assigns, any of his property, or collects any debt or demand owing to him, and does not give a just and true account thereof, upon the hearing or trial, and does not pay the money so collected, or the value of the property so sold, transferred, or assigned, as prescribed in this article.

3.

Where he secretes any part of his property, or a book, voucher, or paper relating thereto, with intent to defraud his creditors.

4.

Where he fraudulently conceals the name of any creditor, or the sum owing to any creditor, or fraudulently misstates such a sum.

5.

Where, in order to obtain his discharge, he procures any person to become a consenting creditor, wilfully, intentionally, and knowingly, for a sum not due from him to that person in good faith, or for a sum greater than that for which the holder of a demand, purchased or assigned, is deemed a creditor, as prescribed in this article.

6.

Where he pays, or consents to the payment of, any portion of the debt or demand of a creditor, or grants or consents to the granting of any gift or reward to a creditor, upon an express or implied contract, trust, or understanding, that the creditor so paid or rewarded should be a consenting creditor, or should abstain or desist from opposing the discharge.

7.

Where he is guilty of any fraud whatsoever, contrary to the true intent of this article.

Source: Section 87 — Discharge, when void, https://www.­nysenate.­gov/legislation/laws/DCD/87 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

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
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

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 87’s source at nysenate​.gov

Link Style