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How the Homestead Exemption Works in New York December 24, 2024
The Homestead Exemption law in New York, as detailed in § 5206, safeguards a person's primary residence from being used to satisfy a monetary judgment. The government's policy in implementing the ...
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When Death Stops Debt Collection: How CPLR § 5208 Protects Estates (But Not You) December 2, 2024
Statutes relating to the enforcement of money judgments require careful reading and analysis. The below summarizes CPLR § 5208 [Enforcement after death of judgment debtor; leave of court; extension of ...
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How Federal Powers Override NY's Student Loan Time Limits: Ultimate Guide November 24, 2024
What You'll Learn: In this comprehensive guide, you'll learn: How New York's 20-year statute of limitations on money judgments under CPLR § 211(b) operates, including exceptions for written ...
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Fighting Foreign Lenders in NY Courts: Your Complete Guide to Jurisdictional Defenses November 7, 2024
The collection-litigation market in New York is as aggressive as ever. From a defense perspective, this blog explores the potent defenses of a) lack of subject matter jurisdiction, b) lack of personal ...
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NY Confession of Judgment Update 2024: The End of Out-of-State Debtor Exploitation November 2, 2024
Understanding New York's Confession of Judgment Law and Recent Amendments New York's Confession of Judgment (COJ) law, codified in N.Y. C.P.L.R. § 3218, is a powerful legal tool that allows creditors ...
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Can Banks Freeze LLC Accounts for Personal Judgments? | NY Legal Guide October 26, 2024
Can a Bank Restrain (freeze) the Bank Account of a Judgment Debtor's LLC Based on an Individual Debt? A bank's ability to restrain an LLC's account for a judgment debtor's personal debts is complex. ...
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