Section 14
SEC. 14. An insolvent debtor, owing debts exceeding in amount the sum of one thousand pesos, may apply to be discharged from his debts and liabilities by petition to the Court of First Instance of the province or city in which he has resided for six months next Contents of preceding the filing of such petition. In his petition he shall set forth his place of residence, the period of his residence therein immediately prior to tiling said petition, his inability to pay all his debts by full, his willingness to surrender all his property, estate, and effects not exempt from execution for the benefit of his creditors, and an implication to be adjudged an insolvent. He shall annex to his petition n schedule and inventory in the form hereinafter provided. The filing of such petition shall be an at of insolvency.