Nam E and Addr Ess of Judgment Cr Editor Form
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People also ask
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Can a debt collection agency take your car?
Debt collectors cannot repossess your possessions if the debt is unsecured, such as a credit card or student loan. In the case of secured debt, however, particularly auto loans, for which the car is collateral, failure to make payments can result in repossession of the vehicle.
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What personal property can be seized in a judgement in New York?
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.
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Can a financed car be seized?
Secured creditors, such as your auto or mortgage lender, can seize their collateral if you fall behind on your payments to them.
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Can a judgement creditor take my car in NY?
You may also check with the Department of Motor vehicles to find out if the judgment debtor owns a car. If the judgment debtor owns a car, the enforcement officer can take the car and sell it to pay your judgment.
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What is a Judgement from a debt collector?
A judgment is a court order stating that you owe the debt collector money because of a lawsuit. You may have received a judgment because the court decided in favor of the debt collector in a trial, or because you did not respond to a lawsuit that was filed against you.
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What happens if a defendant does not pay a judgment in New York?
The Creditor can file an Income Execution or wage garnishment to obtain a percentage of the Debtor's earnings to apply to the Judgment. The judgment creditor may contact the Sheriff's Civil Department for the procedure to file an income execution or wage garnishment.
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What happens if a defendant does not pay a judgment in New York?
The Creditor can file an Income Execution or wage garnishment to obtain a percentage of the Debtor's earnings to apply to the Judgment. The judgment creditor may contact the Sheriff's Civil Department for the procedure to file an income execution or wage garnishment.
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What personal property can be seized in a judgement in New York?
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.
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