This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Lien On Personal Property Without Administration In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
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.
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.
Filing a Lien at the County Clerk's Office A Judgment Creditor can make their City Court Judgment more powerful by filing their judgment in the County Clerk's Office. This is accomplished by the Judgment Creditor requesting a "Transcript of Judgment" from the City Court Clerk.
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.
Creditors typically acquire property liens through your voluntary consent. On the other hand, creditors get judgment liens after winning a lawsuit against you for a debt you owe.
A Judgment against the Debtor remains as a lien against real property for a period of ten (10) years, renewable for an additional ten (10) years.
Judgments have expiration dates. If they are not timely renewed, they expire. In CA that is 10 years. However, when a judgment lien has been recorded against your property, it has no expiration date.
A judgment lien is valid for ten years. N.Y. C.P.L.R. § 5203.
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.
More info
A Notice of Mechanic's Lien may be filed against a property for non payment of funds, for work performed or materials furnished. According to New York law, you can attach a judgment lien to your debtor's real estate, whether they own a freestanding house, a condo, or land.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. In New York, a lien of a Judgment on personal property generally requires a levy pursuant to a property execution. You can put a lien on that property so that if they ever sell or refinance the property you might get paid. To do this, you first need an Abstract of Judgment. Include in the list any property the Judgment Debtor may jointly own with another person. This creates a lien on the property of the judgment debtor. Why was my vehicle towed? Writ of Enforcement.
