Money Judgment Form New York
Description
How to fill out Motion For Satisfaction Of Money Judgment By Judicial Sale?
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FAQ
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. In addition, New York allows judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables.
New York civil practice law allows a money judgment (defined below) to be enforced for up to 20 years, and even longer in certain circumstances. This means that as a judgment debtor, your judgment creditor can attempt to collect the full amount of the judgment, plus interest, for two decades.
Entry of a judgment happens when the clerk of the court signs and files the judgment. In some courts you must ask the clerk to prepare and record (or enter) a judgment in your favor. In other courts, you have to prepare the judgment and give it to the clerk to record.
New York Judgment Statute of Limitations The statute of limitations for collecting on a New York judgment is 20 years, which starts the day the judgment creditor is first able to collect on the judgment.
If a creditor has a money judgment, it can hire an enforcement officer to collect money and property from a judgment debtor. An enforcement officer is a sheriff, police officer, city marshal, town constable, or village constable that's authorized to take the debtor's property or money to pay the judgment.