New York Assignment of Judgment
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How to fill out Assignment Of Judgment?
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FAQ
If you don't answer the questions in a timely and truthful manner, the judgment creditor can file a motion for contempt with the court. At this point, you can be fined or jailed. You can't be put in jail for not paying the debt, but you can go to jail for failing to answer the information subpoena.
The Judgment Creditor may file or request a Property Execution asking that the property be seized and sold with the sole proceeds being used to pay off the balance due on the Debtor's judgment. There is no charge for filing or requesting a Property Execution.
JUDGMENT ? ASSIGNMENT OF JUDGMENT: FORCING CO- DEBTORS TO CONTRIBUTE TO A JUDGMENT WITH ASSIGNMENTS AND CHARGING ORDERS.
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.
The Sheriff's Office can attempt to collect outstanding NYC Civil Court Judgments on your behalf. You may bring or mail your judgment to us and we will attempt to satisfy the amount of the judgment plus interest and any fees. The fee for this is $50.00.
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.
New York Civil Practice Law & Rules Article 52 - ENFORCEMENT OF MONEY JUDGMENTS. 5201 - Debt or Property Subject to Enforcement; Proper Garnishee. (a) Debt against which a money judgment may be enforced. A money judgment may be enforced against any debt, which is past due or which...
The default judgment usually gives the plaintiff the right to collect the amount of money that was asked for in the complaint, plus interest and court costs. 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.
