How many times can a Judgement be renewed in NY?

The presumption in New York is the monies are paid, and judgment satisfied at the end of the 20-year period. What if that's not the case? New York is generous in that state law provides two judgment extension options past 20 years.

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New York Satisfaction of Judgment (Suffolk)

New York Satisfaction of Judgment (Suffolk)

Name: New York Satisfaction of Judgment (Suffolk)
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.7 (381 reviews)

Category:

New York Local County - Suffolk - Supreme Court - General

State:

New York

Control #:

NY-SF-73

Format:

Instant download

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Description

Satisfaction of Judgment (Suffolk) New York Satisfaction of Judgment (Suffolk) is the process of filing a satisfaction of judgment with the court in order to formally end a lawsuit in Suffolk County, NY. It is the final step in a civil lawsuit after a court has entered a judgment in favor of one of the parties. The satisfaction of judgment is a document that is filed with the court in order to show that the judgment has been paid in full and that the lawsuit is now over. There are two types of New York Satisfaction of Judgment (Suffolk): voluntary and involuntary. A voluntary satisfaction of judgment is filed by the plaintiff in order to acknowledge that the defendant has paid the judgment and that the lawsuit is now over. An involuntary satisfaction of judgment is filed by the defendant in order to acknowledge that the plaintiff has received the full amount of the judgment and that the lawsuit is now over.

New York Satisfaction of Judgment (Suffolk) is the process of filing a satisfaction of judgment with the court in order to formally end a lawsuit in Suffolk County, NY. It is the final step in a civil lawsuit after a court has entered a judgment in favor of one of the parties. The satisfaction of judgment is a document that is filed with the court in order to show that the judgment has been paid in full and that the lawsuit is now over. There are two types of New York Satisfaction of Judgment (Suffolk): voluntary and involuntary. A voluntary satisfaction of judgment is filed by the plaintiff in order to acknowledge that the defendant has paid the judgment and that the lawsuit is now over. An involuntary satisfaction of judgment is filed by the defendant in order to acknowledge that the plaintiff has received the full amount of the judgment and that the lawsuit is now over.

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In lawsuits for nonpayment of debt, this means the plaintiff creditor will get the right to collect the money they claim they're owed, plus interest and court costs, typically. This often leads to a hefty default judgment being entered against the defendant ? the person who fell behind on their debt payments.

The plaintiff must seek a clerk's default within one year of the default (CPLR 3215(a)). If the plaintiff fails to apply for a default judgment within one year of the default, the court can sua sponte or on motion dismiss the complaint as abandoned (CPLR 3215(c); see Waiver).

Pay by phone at 1-866-637-0008.

How do I collect it? You (the Judgment Creditor) may contact the party you won the judgment against (the Judgment Debtor) and request payment. If they are unwilling to pay, you may attempt to enforce the judgment (below). The Court Clerk cannot satisfy your judgment.

In order to vacate, set aside, or remove a default judgment in New York, you must make a motion to the court in which the judgment was entered. The motion will contain a specific request for the court to vacate the judgment and return monies taken to satisfy the judgment.

The presumption in New York is the monies are paid, and judgment satisfied at the end of the 20-year period. What if that's not the case? New York is generous in that state law provides two judgment extension options past 20 years.

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.

When the debtor pays the judgment, the creditor must file a Satisfaction of Judgment form with the Clerk within 20 days. It is filed in the Court that entered the judgment, but if a Transcript of Judgment was filed in the County Clerk's office, it is filed there.

More info

You may request a document called a Transcript of Judgment from the Court Clerk for a fee. Satisfaction of Judgment. Category. Judgments.Sample Microsoft Word form. Form. satisfaction-of-judgment. Instant access to fillable Microsoft Word or PDF forms. Minimize the risk of using outdated forms and eliminate rejected fillings. Satisfactions of Judgments can be filed. Business Certificate Department. Civil forms: District Court ; Open PDF file, 14. 69 KB, Acknowledgment of Satisfaction of Judgment (English, PDF 14. CAUTION: The Sheriff's seizure and sale of a vehicle may not result in the satisfaction of your judgment.

New York Satisfaction of Judgment (Suffolk)

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