Title XXXI, Debtor-creditor Relations

inventory of assignee. (1) The assignee shall, except as provided in KRS 379.170, be subject to the orders and supervision of the District Court and may be required at any time upon reasonable notice to file any report ordered. He may, when the court so directs, be examined in op…

his debtors. (1) All orders and proceedings in the District Court, except as otherwise provided, shall be ex parte and upon motion, and in no case need a petition be filed. A notice or summons shall not be issued to any person unless ordered by the court or requested by a person …

assignment -- Effect -- Action by assignee or creditor. If the assignor has, before making the deed of assignment, made a preferential or fraudulent transfer, conveyance or gift of any of his property or a fraudulent purchase of any property in the name of another, the property f…

(1) If the assignor reserves any of his property as exempt, the court shall appoint three (3) competent and disinterested housekeepers, who, after being first duly sworn, shall set apart to the debtor the property exempt, and within ten (10) days thereafter the assignee shall fil…

(1) Personal property conveyed by the deed of assignment shall be sold by the assignee at private or public sale as the court may direct, and the assignee may pass title as fully as the assignor could have done at the date of the assignment. (2) Real property, when sold at public…

The assignee shall, within two (2) months after his appointment, give notice of the time and place where he will sit to receive claims against the estate. The notice shall be by publication pursuant to KRS Chapter 424. Creditors not residing in the county where the assignee quali…

If it appears to be to the interest of the estate, the court may enter an order directing the assignee to sell, compound or compromise any debt due the estate, or to compromise any claim against the estate, but no such order shall be made within thirty (30) days after the applica…

Exceptions -- Court determination. The assignee may administer oaths and examine witnesses concerning claims, and may allow or refuse to allow any claim or part thereof. He shall file in the District Court, within six (6) months after his appointment and every three (3) months th…

determination. As soon as practicable and within nine (9) months after his appointment, the assignee shall pay upon the claims allowed such an amount as the means on hand permit, after deducting expenses and his allowance, which shall be fixed by the court. He shall thereafter, w…

The assignee may, when he believes it is no longer to the interest of the estate to keep the assignment open, move the District Court to discharge him from the trust and release him from all liability. He shall have notice of his application to discharge published pursuant to KRS…

Assignee discharged. If the assignor settles or compromises with his creditors before the final discharge of the assignee or settlement of the estate, the writing showing the settlement or compromise shall be filed in the District Court and an order made discharging the assignee.

An appeal may be taken from the judgment of the District Court overruling or sustaining an exception by the assignor, assignee or any party in interest, to the Circuit Court.

(1) The provisions of KRS 379.010 to 379.160 shall not prevent an action to settle an estate by the assignee, or by any creditor or creditors representing one-fourth (1/4) of the liabilities, from being brought in the Circuit Court. When an action involving a settlement of the es…