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This entry was published on 2014-09-22
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When discharge to be granted; effect thereof
Debtor & Creditor (DCD) CHAPTER 12, ARTICLE 4
§ 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.