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Act No. 1956 Section 17

Section 17

SEC. 17. The petition, schedule and inventory must be verified by the affidavit of the petitioner, annexed thereto, and shall be in form substantially as follows: "I, ............................, do solemnly swear that the schedule and inventory now delivered by me contain a full, correct and true discovery of all my debts and liabilities and of all goods, effects, estate and property of whatever kind or class to me in any way belonging. The inventory also contains a full true and correct statement of all debts owing or due to me, or to nay person or persons in trust for or and of all securities and contracts whereby any money may hereafter become due or payable to me or by or through which any benefit or advantage whatever may accrue to me or to may use, or to nay other person or persons in trust for me. The schedule contain a clear outline of the facts facts giving rise, or which might give rise, to a cause of action against me, and the inventory contains an outline of the facts giving rise, or which might give rise, to any cause of action my favor. I have no lands, money, stock, or estate, reversion or expectancy, or property of any kind, except that set forth in said inventory. I have in no instance created or knowledge a debt for a greater sum than I honestly and truly owe. I have not directly or indirectly, concealed, fraudulently sold, or otherwise fraudulently disposed of, any part of my real or personal property , estate. effects or rights of action, and I have not in any way compounded with any of my creditors in order to secure such creditors, or to receive or to accept any profit or advantage therefrom, or to defraud or deceived in any manner any creditor to whom I am indebted. So help me God."

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Other provisions in CHAPTER III

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 1956 Section 17 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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