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Which Funds Are Exempt From Judgment Enforcement?

FFGN COLLECT NY

When considering what funds are exempt from judgment enforcement and the reach of judgment creditors, New York and the federal government draw a line between enforcing judgments against consumers and enforcing judgments against commercial entities. Social security disability (SSD).

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A Good Collection Attorney Knows How to Benefit From New York’s Liberal Judgment Enforcement Policies

FFGN COLLECT NY

New York Civil Practice and Rules Article 52 grants the judgment creditor many liberties and privileges when it comes to enforcing a judgment. Assume you are a creditor and have a civil judgment entered in one of the counties of the Civil Court of the City of New York for $10,000.

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CNN interviewed Jocelyn Nager New York Debt Collection Lawyer

FFGN COLLECT NY

They include: A multi-faceted approach: A judgment creditor is not limited to taking it one step at a time. The creditor can execute in a variety of ways at the same time. Enforcing Judgments against bank accounts An easy way to enforce a judgment in New York is to restrain bank accounts.

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Can a NY Judgment Creditor Garnish PPP or Other CARES Act Funds?

FFGN COLLECT NY

With both consumers and small businesses receiving funds from the Paycheck Protection Program (PPP) and CARES Act, questions have come up as to whether these amounts can be frozen or garnished by debt collectors or creditors. Is garnishing PPP or CARES Act funds an option for satisfying outstanding monies owed to judgment creditors?

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How to Collect on a Judgment in New York

FFGN COLLECT NY

If so, you will need to know how to collect on a judgment so it can get you paid. Article 52 of New York State Civil Practice Law and Rules authorizes judgment enforcement in New York. Within the statute, New York gives creditors liberal rights and remedies to collect their judgment largely without court intervention.

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Does Paying Personal Expenses From Your Business’ Account Create Liability For Your Company?

FFGN COLLECT NY

Criminal investigation and politics aside, we want to use the Manhattan DA’s subpoenaing power to show how easy it is for a third party to obtain company banking records. Presumably, the creditor would sue both the corporation and the guarantor or owner at the same time. This is called “piercing the corporate veil.”

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If a Judgment Debtor Is a Beneficiary of an Estate, You Can Have the Distribution Sent to You Instead

FFGN COLLECT NY

When the usual steps, such as levying the debtor’s bank account and garnishing the debtor’s wages, result in little success recovering monies owed, the judgment may seem uncollectible. However, if the debtor is a beneficiary of a deceased New Yorker’s estate, you may be able to enforce the judgment through estate distribution.