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 Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-0025LTR
Format:
Word;
Rich Text
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Description
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FAQ
The out-of-state judgment also cannot be based on a confession of judgment.To turn that judgment into a NY State judgment we just need an exemplified copy of the judgment from the clerk of the court that awarded you a judgment, and information regarding whether any payments have been made on the judgment, whether there ...
You should contact an enforcement officer in the county where the judgment debtor has property. If you do not know where the judgment debtor has property, then contact an enforcement officer in the county where the judgment debtor resides.
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.
Bank accounts, including bank names, account numbers, and account type (savings or checking) Brokerage accounts and securities holdings, including company names and account numbers. Real estate holdings, including addresses. Vehicles owned, including the makes, models, years, and license plate numbers.
Personal property exemptions: Stoves; religious texts; family books; domestic animals; most household goods; jewelry (up to $1,000); tools (up to $3,000); one vehicle (up to $4,000 in value; if disabled, up to $10,000) unless the debt is for a family obligation.
Funds considered exempt from garnishment are: Social Security, Supplemental Security Income (“SSI”), Veteran's Administration (“VA”) benefits, federal Railroad Retirement, federal Railroad Unemployment and Sickness benefits, federal Civil Service Retirement benefits and federal Employee Retirement System benefits.
Your creditor, or its debt collector, can place a lien on your property as soon as it becomes the judgment creditor (as explained above) in order to secure repayment of a debt. The lien is generally recorded by the judgment creditors' on the land records at the local county office.
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.
For that purpose the judgment debtor should approach the plaintiff/judgment creditor or his/her/its attorney to obtain the written consent to rescission of judgment. There is however no requirement in law that obliges a plaintiff/judgment creditor to give a consent to rescission of judgment.
More info
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. A judgment lien arises when a court rules you owe a debt, allowing the creditor to claim your nonexempt property until the debt is paid.A City Marshal is entitled to advance payment of expenses incurred in the performance of his or her official activities in a particular case. 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. Generally, you would need to:1. Prepare a petition outlining the facts and requesting relief under CPLR 5206(e). 2. In New York, a judgment lien can be attached to the debtor's real estate -- meaning a house, condo, land, or similar kind of property interest. 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. If you have a judgment against you please fill out the form below, call us at 888.668. When your home sells in a short sale, you may need to pay a deficiency judgment.
