Once a judgment is entered, a plaintiff/judgment creditor can use an array of legal tools to try and collect the money owed from the defendant/judgment debtor. One such tool is a restraining notice. A restraining notice requires a person or entity to refrain from...
Judgments
Judgments as Liens on Real Property: How Does Your Client Get Paid?
If your client is awarded a judgment in a civil matter in New York State, the other party (known as the judgment debtor) might not pay up. A judgment lien can be placed on the judgment debtor’s real property to help ensure your client gets their money, but such liens...
Collecting from a third party who owes money to your judgment debtor
As a judgment creditor with a money judgment in New York, you have options for collecting the money owed to you and satisfying the debt. If you know that a third party owes or will owe money to your judgment debtor, New York law provides for a “special proceeding”...
What is judgment enforcement?
When a party is successful in a civil lawsuit, the court may award that party a judgment which states that the losing side owes the successful party a sum of money. Judgment enforcement is the legal process under which the winning party attempts to satisfy the...
Protecting Creditors Between Verdict and Judgment
At the conclusion of a typical lawsuit, a decision or verdict is rendered in favor of one party and against the other. If the plaintiff is the prevailing party, then the plaintiff will seek to enter a judgment against the defendant, at which point the plaintiff may...
Enforcing Judgments Via Restraining Notices
One of the most powerful tools in a judgment creditor's arsenal is the restraining notice. A restraining notice requires the party served to freeze any assets in its possession that belong or are owed to the debtor, and can be extremely effective when served to the...
How Can Courts Help Creditors Enforce Subpoenas?
Subpoenas are easily the most common means by which creditors seek to enforce judgments. Article 52 of the CPLR provides creditors with broad authority to issue subpoenas when seeking to collect on judgments. Subpoenas can be served on debtors as well as any third...
Enforcing a Judgment Against Ownership Interests in Entities
Judgment debtors come in all shapes and sizes and can include both individuals and entities. In some cases, a creditor may obtain a judgment against both the entity and the individual owners of that entity. Other times, the judgment is only against the entity or the...
Collecting a Judgment Against the Founder of a Startup
Savvy creditors can employ various strategies to enforce judgments and collect on debts. Our next several posts highlight real-world scenarios, each of which illustrates a different technique that can be used to enforce judgments. The first example involves a creditor...
Four Types of Constructive Fraud Claims
Several sections of New York's Debtor and Creditor Law ("DCL"), which govern similar but distinct claims of constructive fraud, provide redress to creditors for various scenarios in which debtors conceal, move, or unlawfully distribute assets which could otherwise be...
