Section 101. Contents of petition  


Latest version.
  • The petition must be in writing; it must
      be signed by the insolvent, and specify his residence, and also,  if  he
      is in prison, the county in which he is imprisoned, and the cause of his
      imprisonment.  It must set forth, in substance, that he is unable to pay
      all his debts in full; that he is willing to assign his property for the
      benefit of all his creditors, and in all other respects to  comply  with
      the  provisions  of this article, for the purpose of being exempted from
      arrest and imprisonment, as prescribed therein; and it must  pray,  that
      upon  his so doing, he may thereafter be exempted from arrest, by reason
      of a debt, arising upon a contract previously made; and also, if  he  is
      imprisoned,  that he may be discharged from his imprisonment. It must be
      verified by the affidavit of the insolvent, annexed  thereto,  taken  on
      the day of the presentation thereof, to the effect, that the petition is
      in all respects true in matter of fact.