This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Against Property With Bad Credit In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
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 judgment lien in New York will remain attached to the debtor's property (even if the property changes hands) for ten years.
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.
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.
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.
The short answer is yes, but it's not always easy or common for a judgment creditor to take your car. If a creditor sues you and wins, they can request a judgment lien against your property, including your car.
In a Nutshell This court order allows them to collect on the debt by seizing your real or personal property (or putting a lien on it), garnishing your wages, or levying your bank account. Personal property includes everything from household goods to vehicles. Real property includes things like your home or land.
More info
Form must be filled out and notarized at the time of filing. The judgment will appear on the defendant's credit report, and it can be there for up to seven years if it is not paid.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. A confession of judgment (COJ) in New York is a way for a party to obtain a judgment without the need to bring a lawsuit. A tax lien is a legal claim against real property for unpaid municipal charges, such as property taxes, housing maintenance, water, sewer, demolition, etc. A confession of judgment ("COJ") in New York is a way for a party to obtain a judgment without the need to bring a lawsuit. 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. But what if the debtor owns stock in a closely held corporation or other intangible property? How can a judgment creditor seize and liquidate that? This means that the City takes the legal step of entering a default judgment against you for the entire amount plus penalties and interest.
