New York Debt Collection and a Safe Deposit Box

New York debt collection and a safe deposit box, how does one affect the other? Convinced that your customer is hiding stockpiles of cash, stock certificates and the keys to the kingdom in their safe deposit box?  If you bring a New York debt collection case, can you empty your client’s safe deposit box? Continue reading “New York Debt Collection and a Safe Deposit Box”

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Domesticating a Judgment in New York for Non-NY Cases

A US flag hanging in front of a court house.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. It is, therefore, important to understand the defenses available to someone contesting the domestication of the out-of-state judgment in New York. This also may be a good time to mention that out-of-state judgments are not treated the same as federal judgments. Continue reading “Domesticating a Judgment in New York for Non-NY Cases”

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Convert Judgments from Federal to NY State

Photo of the Supreme Courthouse.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 default or by consent. Be that as it may, don’t worry. Regardless of that fact, a Federal court judgment easily converts to a NY State judgment.

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Paying Personal Expenses From A Corporate Account?

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 as a corporation shields them from personal liability for corporate debts.

And let’s say that you recovered a judgment against a corporation. As a judgment creditor in New York, you can subpoena their financial institution records and more. By subpoenaing the corporate bank records, you can see checks issued from the corporate account. Continue reading “Paying Personal Expenses From A Corporate Account?”

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