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New York Affidavit In Support of Motion For Money Judgment
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How to fill out New York Affidavit In Support Of Motion For Money Judgment?
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FAQ
What Happens After a Judgment Is Entered Against You? The court enters a judgment against you if your creditor wins their claim or you fail to show up to court. You should receive a notice of the judgment entry in the mail. The judgment creditor can then use that court judgment to try to collect money from you.
You may be surprised to learn that money judgments in New York are enforceable for a period of twenty (20) years. That judgment can be enforced against any property you have that can be assigned or transferred (such as money, bank accounts and real property).
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.
To begin collecting a judgment, the Creditor should contact the Debtor or Debtor's attorney, if there is one, and ask the Debtor to pay. If the Debtor doesn't pay, the Creditor has to look for the Debtor's money. Read Finding the Debtor's Money and Property.
New York State judgments are valid for 20 years. A judgment can act as a lien on real property for ten years which may be extended for an additional term if you to take affirmative action.
The Limitation Act 1980 states that enforcement action cannot be commenced in respect of a Judgment Order after 6 years from the date upon which the Judgment became enforceable.Permission of the Court is required if a party wishes to enforce a Judgment debt which is more than 6 years old.
A simple way to collect a judgment is by deducting money out of the debtor's paycheck using a wage garnishment. The debtor must have a decent income because both the federal government and states cap the amount you can take, and certain types of income, like Social Security, are off-limits.
Do not use illegal ways to collect your money. Encourage the debtor to pay you voluntarily. Be organized. Ask a lawyer or collection agency for help. Make sure you renew your judgment. Ask the court for help.