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Code · New York · Debtor & Creditor · Insolvent's Discharge From Debts

§ 57. Effect of consent where petitioner is a joint debtor.

68 words·~1 min read·/ny/debtor-creditor/insolvent-s-discharge-from-debts/57·

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§ 57. Effect of consent where petitioner is a joint debtor. A
creditor's consent does not affect his remedy against any person or
persons indebted jointly with the petitioner; and the petitioner's
discharge has the effect, as between the creditor and the other joint
debtors, of a composition between the petitioner and the creditor, made
as prescribed in title one of article fifteen of the general obligations
law.
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