Excerpt from A Treatise on the Common and Statute Law of the State of New York Relating to Insolvent Debtors: Including Article First, Second and Third of Title 1, Chapter 17 of the Code of Civil Procedure, and the Law of Voluntary Assignments for the Benefit of Creditors, Including the General Assignment Act of 1877, as AmendedThe amendment of the General Assignment Act, attempting to restrict the right of preference to one-third of the estate of the debtor, has provoked extensive litigation, which has resulted in the demonstration of the insuperable difficulty of preventing pref erence by failing debtors in the absence of a National Bankrupt Law.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.