Section 128. Proceedings on presentation of petition

Upon the presentation
  of the petition, schedule, and affidavit, with due proof of  service  or
  publication,  as  prescribed  in the last three sections, the court must
  make an order, directing the petitioner to be brought before  it,  on  a
  day  designated  therein;  and  on that day, or on such other days as it
  appoints, the court must, in a summary way,  hear  the  allegations  and
  proofs  of  the parties. If the court is satisfied that the petition and
  schedule are correct, and that the petitioner's proceedings are just and
  fair, it must make an order, directing the petitioner to execute, to one
  or more trustees, designated in the order,  an  assignment  of  all  his
  property, not expressly exempt by law from levy and sale by virtue of an
  execution;  or  of  so  much  thereof  as  is  sufficient to satisfy the
  execution or executions, by virtue of which he is imprisoned.