Judgment Payments Form
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People also ask paternity child
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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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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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What is a judgement payment?
If you lost in court, the money you owe is called the judgment. You are called the Judgment Debtor. The person you owe money to is called the Judgment Creditor. Judgments appear on your credit report, so be sure to update your report after you pay.
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How long is a judgement good for in NY?
How Long Are Judgments Valid in New York? Judgments are valid for 20 years and may be extended once for an additional period of 10 years. To extend a judgment for an extra ten (10) years, the Judgment Creditor must make written application to the court that issued the original judgment.
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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 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 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 happens after 5 years of judgement?
Judgments are valid until satisfied or discharged; however, when a period of five years lapses, the judgment holder must file a motion with the court and prove sufficient cause for failure to obtain a writ of execution.
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