NOTE: The Statutes on the North Carolina General Assembly website reflect changes made in the 2017 Regular Session. The changes from all Sessions are listed in the NC Statutes and Session Laws affected by ratified bills documents.

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North Carolina General Statutes
Chapter 23: Debtor and Creditor.

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Article 1 - Assignments for Benefit of Creditors. [HTML] [RTF]
G.S. 23-1§ 23-1. Debts mature on execution of assignment; no preferences.[HTML] [RTF]
G.S. 23-2§ 23-2. Trustee to file schedule of property.[HTML] [RTF]
G.S. 23-3§ 23-3. Trustee to recover property conveyed fraudulently or in preference.[HTML] [RTF]
G.S. 23-4§ 23-4. Substitute for incompetent trustee appointed in special proceeding.[HTML] [RTF]
G.S. 23-5§ 23-5. Insolvent trustee removed unless bond given; substitute appointed.[HTML] [RTF]
G.S. 23-6§ 23-6. Trustee removed on petition of creditors; substitute appointed.[HTML] [RTF]
G.S. 23-7§ 23-7. Substituted trustee to give bond.[HTML] [RTF]
G.S. 23-8§ 23-8. Only perishable property sold within ten days of registration.[HTML] [RTF]
G.S. 23-9§ 23-9. Creditors to file verified claims with clerk; false swearing misdemeanor.[HTML] [RTF]
G.S. 23-10§ 23-10. Priority of payments by trustee.[HTML] [RTF]
G.S. 23-11§ 23-11. Trustee to account quarterly; final account in twelve months.[HTML] [RTF]
G.S. 23-12§ 23-12. Trustee violating duties guilty of misdemeanor.[HTML] [RTF]
Article 2 - Petition of Insolvent for Assignment for Creditors. [HTML] [RTF]
G.S. 23-13§ 23-13. Petition; schedule; inventory; affidavit.[HTML] [RTF]
G.S. 23-14§ 23-14. Clerk to give notice of petition.[HTML] [RTF]
G.S. 23-15§ 23-15. Order of discharge and appointment of trustee.[HTML] [RTF]
G.S. 23-16§ 23-16. Terms and effect of order of discharge.[HTML] [RTF]
G.S. 23-17§ 23-17. Suggestion of fraud by opposing creditor.[HTML] [RTF]
Article 3 - Trustee for Estate of Debtor Imprisoned for Crime. [HTML] [RTF]
G.S. 23-18§ 23-18. Persons who may apply for trustee for imprisoned debtor.[HTML] [RTF]
G.S. 23-19§ 23-19. Superior court appoints; copy of sentence to be produced.[HTML] [RTF]
G.S. 23-20§ 23-20. Duties of trustee; accounting; oath.[HTML] [RTF]
G.S. 23-21§ 23-21. Court may appoint several trustees.[HTML] [RTF]
G.S. 23-22§ 23-22. Court may remove trustee and appoint successor.[HTML] [RTF]
Article 4 - Discharge of Insolvent Debtors. [HTML] [RTF]
G.S. 23-23§ 23-23. Insolvent debtor's oath.[HTML] [RTF]
G.S. 23-24§ 23-24. Persons imprisoned for nonpayment of costs in criminal cases.[HTML] [RTF]
G.S. 23-25§ 23-25. Petition; before whom; notice; service.[HTML] [RTF]
G.S. 23-26§ 23-26. Warrant issued for prisoner.[HTML] [RTF]
G.S. 23-27§ 23-27. Proceeding on application.[HTML] [RTF]
G.S. 23-28§ 23-28. Suggestion of fraud.[HTML] [RTF]
G.S. 23-29§ 23-29. Persons taken in arrest and bail proceedings, or in execution.[HTML] [RTF]
G.S. 23-30§ 23-30. When petition may be filed.[HTML] [RTF]
G.S. 23-30.1§ 23-30.1. Provisional release.[HTML] [RTF]
G.S. 23-31§ 23-31. Petition; contents; verification.[HTML] [RTF]
G.S. 23-32§ 23-32. Notice; length of notice and to whom given.[HTML] [RTF]
G.S. 23-33§ 23-33. Who may suggest fraud.[HTML] [RTF]
G.S. 23-34§ 23-34. Where no suggestion of fraud, discharge granted.[HTML] [RTF]
G.S. 23-35§ 23-35. Continuance granted for cause.[HTML] [RTF]
G.S. 23-36§ 23-36. Where fraud in issue, discharge only after trial.[HTML] [RTF]
G.S. 23-37§ 23-37. If fraud found, debtor imprisoned.[HTML] [RTF]
G.S. 23-38§ 23-38. Effect of order of discharge.[HTML] [RTF]
Article 5 - General Provisions under Articles 2, 3, and 4. [HTML] [RTF]
G.S. 23-39§ 23-39. Superior or district court tries issue of fraud.[HTML] [RTF]
G.S. 23-40§ 23-40. Insolvent released on giving bond.[HTML] [RTF]
G.S. 23-41§ 23-41. Surety in bond may surrender principal.[HTML] [RTF]
G.S. 23-42§ 23-42. Creditor liable for jail fees.[HTML] [RTF]
G.S. 23-43§ 23-43. False swearing; penalty.[HTML] [RTF]
G.S. 23-44§ 23-44. Powers of trustees hereunder.[HTML] [RTF]
G.S. 23-45§ 23-45. Jail bounds.[HTML] [RTF]
Article 6 - Practice in Insolvency and Certain Other Proceedings. [HTML] [RTF]
G.S. 23-46§ 23-46. Unlawful to solicit claims of creditors in proceedings.[HTML] [RTF]
G.S. 23-47§ 23-47. Violation of preceding section a misdemeanor.[HTML] [RTF]
Article 7 - Bankruptcy of Taxing, etc., Districts, Counties, Cities, Towns and Villages. [HTML] [RTF]
G.S. 23-48§ 23-48. Local units authorized to avail themselves of provisions of bankruptcy law.[HTML] [RTF]

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