Looking to domesticate a judgment in New York and wondering if it’s worth the expense? Consider the following: Except for judgments obtained for medical services, New York is extremely liberal when it comes to judgment enforcement. The New York Civil Rules of Civil Procedure allow collection attorneys to execute judgments
Lawyers are never at a loss for words, that’s for certain! But when it comes to filing some court documents, there’s a limit to how many words they can use. The New York Supreme Court has a word limit for most legal papers filed within its system. Although this rule
Update: As of February 9, the Trump administration has ordered the Consumer Financial Protection Bureau to halt operations. Russell Vought, the new director of the Office of Management and Budget, sent an email to the agency’s employees telling them not to perform any work-related tasks. In addition to state and local
In our modern times, it’s easy to find whatever you’re looking for within a few clicks. Though the internet makes finding goods and services simple, that doesn’t mean the first option you come across will be what’s best for you. This is especially true when it comes to legal services.
A guarantee is a written promise by one person to pay another’s debt. In a commercial setting, a guarantee is typically the promise of an owner or officer to pay the debt of a corporate entity should it default on its obligation. A commercial guarantee provides additional security and consideration
With the new year comes an increase in the minimum wage in New York. The new rate depends on the region where the employee works. As of January 1, 2025, the state minimum wage increased by $0.50. In many parts of New York, the minimum wage is now $16.50, more
Doing business with a delinquent customer? Applying current customer payments toward overdue accounts could cost you. Our client continued to sell to their customer, even though the customer was in arrears. However, the client changed the terms, requiring payment within a few days of shipment. The payments made were meant
What happens if a client who kept insurance funds proceeds later files for bankruptcy? Will a bankruptcy court allow the debtor to keep monies intended for you? According to a recent New York court case, the answer is no. The bankruptcy court refused to grant a discharge to a debtor
Strapped for cash, MyPillow CEO Mike Lindell took at least two merchant cash advances. Because Lindell’s companies defaulted on payments, suits were filed in New York alleging MyPillow-related entities and Mike Lindell as a personal guarantor defaulted on the loans. Sometimes businesses that do not qualify for traditional loans look
Some assets owned by a judgment debtor may be subject to seizure by a judgment creditor. If unsecured, the assets (e.g., bank accounts, brokerage accounts) can be transferred or sold to benefit the creditor. There are other assets that require a court order to transfer assets or the debtor’s interest