A Slow-Pay Motion is a pleading that asks the Judge to let a defendant in a case make small or manageable payments on a judgment against the defendant. The payments should be fixed to leave defendant enough money to pay other necessary bills.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A New Mexico Affidavit in Support of Slow Pay Motion is a legal document used to request an extension for payment of a debt or judgment owed by an individual or entity in the state of New Mexico. This affidavit is filed with the court to demonstrate the financial difficulties faced by the debtor, which make it difficult or impossible for them to meet their financial obligations within the specified time frame. The Slow Pay Motion allows the debtor to present evidence, such as financial statements, tax returns, bank statements, or other relevant documents, to support their claim that they are experiencing financial hardship. This evidence helps establish a valid reason for delaying the payment on the debt or judgment. The court will review the affidavit and consider the financial circumstances before making a decision on whether to grant the slow pay motion. Different types of New Mexico Affidavit in Support of Slow Pay Motion may include: 1. Affidavit in Support of Slow Pay Motion for Unemployment Loss: This affidavit is filed when the debtor has lost their job or is unable to find employment, resulting in a significant decrease in income and the inability to meet financial obligations promptly. 2. Affidavit in Support of Slow Pay Motion for Medical Expenses: This affidavit is filed when the debtor has incurred unexpected and substantial medical expenses, leading to financial hardship. The debtor must provide medical bills, insurance information, or other supporting documents to demonstrate the financial burden caused by medical costs. 3. Affidavit in Support of Slow Pay Motion for Business Loss: This affidavit is filed when the debtor is a business owner who has faced significant losses, making it difficult to fulfill financial obligations. The debtor must provide financial statements, profit/loss statements, or other supporting documents to demonstrate the financial challenges faced by the business. 4. Affidavit in Support of Slow Pay Motion for Personal Hardship: This affidavit is filed when the debtor is facing personal hardship, such as divorce, loss of a loved one, or other circumstances that have caused emotional and financial distress. The debtor must present evidence, such as court documents, therapy bills, or other relevant information, to support their claim of personal hardship. 5. Affidavit in Support of Slow Pay Motion for Temporary Income Reduction: This affidavit is filed when the debtor has experienced a temporary reduction in income, such as a job furlough, reduced work hours, or temporary disability. The debtor must provide documentation, such as pay stubs, letters from employers, or other relevant information, to demonstrate the temporary income reduction affecting their ability to make timely payments. In conclusion, a New Mexico Affidavit in Support of Slow Pay Motion is a legal tool used in specific situations where the debtor seeks an extension for the payment of a debt or judgment. The debtor must provide supporting evidence to demonstrate their financial hardship, be it unemployment, medical expenses, business loss, personal hardship, or temporary income reduction. The court will evaluate the affidavit and the accompanying evidence before making a decision on whether to grant the slow pay motion.
