New York's Debtor and Creditor Law Blogs

What is a Blanket Security Agreement? A blanket security agreement is a contract between a borrower and a lender that grants the lender a security interest in multiple assets or all assets of the ...

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 ...

Collection litigation in New York presents significant challenges for defendants, requiring understanding of key jurisdictional defenses. This article examines three critical defenses in collection ...

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. ...

If you've received a letter with language similar or identical to the one below, you are being put on notice that your money is at risk of being seized by a judgment creditor. Under CPLR § 5222(d), if ...

Understanding Time Limits for Challenging a New York Judgment When seeking to vacate a judgment, consider four key subsections of CPLR § 5015: Excusable default Newly discovered evidence Fraud, ...