This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Against Property For Debt In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
The New York State minimum wage of $15 an hour means that $450 per week is protected from garnishments, rather than the $217.50 under Federal law. New York state law also has exemptions in place for debtors based on receipt of or, in the case of New York, eligibility for public assistance.
How Long Are Judgments Valid in New York? Judgments are valid for 20 years and may be extended once for an additional period of 10 years. To extend a judgment for an extra ten (10) years, the Judgment Creditor must make written application to the court that issued the original judgment.
Personal Property Execution If a Judgment Creditor knows that the Judgment Debtor owns a car, truck, motorcycle or other personal property of significant value, the Judgment Creditor may file a Property Execution.
You can look at your credit report at .annualcreditreport or you can go to the local clerk for the courts and search the county database. If there are judgments in other jurisdictions you would have to look there as well.
Personal Property Execution If a Judgment Creditor knows that the Judgment Debtor owns a car, truck, motorcycle or other personal property of significant value, the Judgment Creditor may file a Property Execution.
A creditor can search public property records to find out if you own a home or any other real property. If you are sued, whether to satisfy a debt or to recover accident-related damages, your home could be attached to the claim and taken to satisfy any unpaid obligations.
Disbursements are out of pocket expenses that the person who losses the case is responsible for, like filing fees. A judgment is good for 20 years, but if the plaintiff wants to enforce the judgment against land it is only good for 10 years unless the plaintiff renews it for another 10 years.
More info
Form must be filled out and notarized at the time of filing. A creditor can sue you to get a judgment against you.An attorney who evaluates a claim for collection should ensure that the creditor has supplied all relevant documentation of the debt. The City can take steps to collect the debt, such as sending your debt to a collection agency or seizing assets. Judgment proof means your income is a type or amount that is exempt from debt collection and you have no assets that a company has the right to take. New York law allows for a creditor to attach a debt collection order to an estate with a claim of lien. A tax warrant is equivalent to a civil judgment against you, and protects New York State's interests and priority in the collection of outstanding tax debt. Both individuals and entities (i.e. The lien secures the creditor's priority and allows them to foreclose on the property if the debtor fails to pay the debt. If you are sued in small claims court and lose, the court will enter a civil money judgment against you.
