CNN reporter Fredericka Whitfield interviewed Jocelyn Nager, president of Frank, Frank, Goldstein & Nager on Sunday, March 24 to discuss former President Donald Trump’s civil fraud case. Reports stated it may not be possible for the former president to bond the state’s nearly half-billion ($500,000,000) judgment. Following the interview, the
Domesticating a judgment in New York obtained out of state, to the dismay of some, is not automatic. New York does not allow the automatic registration of a judgment obtained on default from another state. Domesticating a sister-state judgment and converting it to a NY judgment requires filing a lawsuit.
Yes, it is possible. You can convert judgments from Federal to NY State. If you researched New York’s policy of recognizing judgments obtained in other states or countries as an out-of-state attorney, you might be concerned. That’s because you discovered that New York State does not recognize judgments obtained on
What happens when a client wants to pay an outstanding balance from their future sales or services? Working with that customer had previously been profitable, but they’ve experienced cash flow issues. For those who wish to continue doing business with a customer who seems to be having difficulties, you need
You only have a year to do that. Since arbitration is an expedited process, you get a relatively short period to confirm the award in New York. Confirming the arbitration award has a 12-month statute of limitations. And the clock starts ticking the date of the arbitrator’s final determination, not
If you are paying personal expenses from a corporate account, you may be liable for corporate debt. Some business owners can’t help but get in their own way. For example, take the business owner who rings up debt and uses corporate assets to pay personal expenses. They believe that status
Fact: Very few judgments are paid voluntarily. Fact: You and your attorney must “seize” the opportunities to get your judgment paid. FACT: It’s up to you and your attorney to identify the assets to be “seized.” Thanks to the internet, information revealing debtor’s assets is mostly
Assets of all types can be sold to satisfy a judgment. An experienced New York debt collection attorney knows how to identify and seize assets so they can be sold to satisfy your judgment. You may be surprised which assets can be seized to get you paid. Throughout Frank, Frank,
Jocelyn Nager, Esq., President of Frank, Frank, Goldstein & Nager, P.C. a certified WBE company, Highly Commended by CCR (Credit Collections & Risk) at the Credit Excellence Awards in 2013, has been chosen to speak about practical and procedural aspects of judgment enforcement. She will be speaking at the New York State Bar Association