article thumbnail

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).

article thumbnail

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

FFGN COLLECT NY

There is no state as liberal as New York when it comes to commercial debt collection and the enforcement of judgments against commercial entities. New York Civil Practice and Rules Article 52 grants the judgment creditor many liberties and privileges when it comes to enforcing a judgment.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CNN interviewed Jocelyn Nager New York Debt Collection Lawyer

FFGN COLLECT NY

At the time of the interview, Press had indicated that it may not be possible for the former President to bond the State’s almost Five Hundred-Million-dollar ($500,000,000.00) judgment. If the bond cannot be posted and execution of the judgment is not stayed, the judgment can be enforced here in New York and elsewhere.

Lawyers 98
article thumbnail

How to Collect on a Judgment in New York

FFGN COLLECT NY

Is your New York judgment valid? 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. Once the judgment is entered, you must provide the requisite notice of entry, if required.

article thumbnail

Why Do Merchant Cash Advance Companies Record Judgments In NY?

FFGN COLLECT NY

Since the documents anticipate a default in payment by the buyer, why then do merchant cash advance companies record judgments in New York? Due to abuse, New York outlawed the practice of allowing confessions of judgments executed outside of New York to be filed within the state. They can not execute statewide.

article thumbnail

Best Practices to Enforce a Judgment 

FFGN COLLECT NY

A client of ours in the waterproofing business asked for our best practices when enforcing a judgment. Best practices would generally infer that judgment enforcement differs based on the creditor’s industry, but that’s not the case. If so, obtaining the debtor’s banking information is relatively simple.

article thumbnail

Domesticating Your Foreign Judgments with Skilled Collections Attorney Alan M. Cohen

Collections Law

Like nearly every other state as of 2020, Massachusetts finally adopted the Uniform Enforcement of Foreign Judgments Act, allowing out-of-state judgments to be domesticated by Massachusetts attorneys. How We Can File Foreign Judgments for Domestication By Registration. Cohen LLC has experience with. Registration.