§ 4. Debtor's schedule. 1. A debtor making an assignment shall, at the
date thereof or within twenty days thereafter, cause to be made, and
filed with the county clerk of the county where such assignment is
recorded, and file a duplicate thereof with the assignee, an inventory
or schedule containing:

(a) The name, occupation, place of residence, and place of business,
of such debtor;

(b) The name and place of residence of the assignee;

(c) A full and true account of all the creditors of such debtor,
stating the last known place of residence or business of each, if known,
if unknown the fact to be stated, the sum owing to each, with the true
cause and consideration therefor, and a full statement of any existing
security for the payment of the same;

(d) A full and true inventory of all such debtor's estate at the date
of such assignment, both real and personal, in law and in equity, with
the incumbrances existing thereon, and the actual value of the same
according to the best knowledge of such debtor; and a claim for such
exemptions as he may be entitled to;

(e) An affidavit made by such debtor, that the same is in all respects
just and true.

2. In case such debtor shall omit, neglect or refuse to make and file
such inventory or schedule within the twenty days required, the assignee
named in such assignment shall, within thirty days after the date
thereof, cause to be made, and filed as aforesaid such inventory or
schedule as above required, in so far as he can; and for such purpose
the judge shall, at any time, upon the application of such assignee,
compel by order such delinquent debtor, and any other person to appear
before him and disclose, upon oath, any knowledge or information he may
possess, necessary to the proper making of such inventory or schedule.
The assignee shall verify the inventory and schedule so made by him, to
the effect that the same is in all respects just and true to the best of
his knowledge and belief.

3. In case the said assignee shall be unable to make and file such
inventory or schedule, within said thirty days, the judge may, upon
application upon oath, showing such inability, allow him such further
time as shall be necessary, not exceeding sixty days. If the assignee
fail to make and file such inventory or schedule within said thirty days
or such further time as may be allowed, the judge shall require, by
order, the assignee forthwith to appear before him, and show cause why
he should not be removed. Any person interested in the trust estate may
apply for such order and demand such removal. The books and papers of
such delinquent debtor shall at all times be subject to the inspection
and examination of any creditor. The judge is authorized, by order, to
require such debtor or assignee to allow such inspection or examination.
Disobedience to such order is a contempt, and obedience to such order
may be enforced by attachment.

4. The assignor shall comply with all lawful orders of the judge;
examine the correctness of all claims presented against his estate, if
ordered by the judge so to do, and if any is incorrect or false notify
his assignee thereof immediately; deliver to his assignee all his books,
papers and records; execute and deliver such papers as shall be ordered
by the judge; and execute and deliver to his assignee transfers of all
his property outside the state of New York. When so ordered by the
judge, the assignor shall attend before the assignee, a referee or the
court in the county where the assignor resides, and submit to an
examination under oath concerning the conducting of his business, the
cause of his inability to pay his debts, his dealings with his creditors
and other persons, the amount, kind and whereabouts of his property, and
all matters which may affect the administration and settlement of his
estate.

5. In any examination of the assignor ordered by the judge pursuant to
subdivision four of this section, the court may confer immunity in
accordance with the provisions of section 50.20 of the criminal
procedure law; provided, however, that no immunity shall be conferred
except upon twenty-four hours prior written notice to the appropriate
district attorney having an official interest therein.

6. The court may allow as an administrative expense one reasonable
fee, irrespective of the number of attorneys employed, for legal
services rendered to the assignor in preparing the assignment and
assisting the assignor to comply with his duties in respect of schedules
and inventory. If a debtor, in contemplation of making a general
assignment for the benefit of creditors, shall pay money or transfer
property, directly or indirectly, to an attorney for services rendered
or to be rendered in connection with the assignment, the transaction
shall be reexamined by the court on petition of the assignee or any
creditor and shall be held valid only to the extent of a reasonable
amount to be determined by the court, and the excess may be recovered by
the assignee for the benefit of the estate.