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Q: civil judgments ( No Answer,   0 Comments )
Question  
Subject: civil judgments
Category: Business and Money > Small Businesses
Asked by: questionsquestions-ga
List Price: $50.00
Posted: 03 Mar 2006 07:41 PST
Expires: 02 Apr 2006 08:41 PDT
Question ID: 703221
In New York state the statute of limition on the collection of a civil
judgment is 20 years.  Spefically what procedure is require in order
to renew the judgment at the end of the 20 years?  Please describe the
specific legal procedure and include the specific citings of the
governing statute(s) and examples of the specific legal documents
required in order to do the same.

Request for Question Clarification by pafalafa-ga on 03 Mar 2006 08:28 PST
NY State law includes a strong presumption that judgments not
collected within 20 years are then satisfied...that is, the debt is
assumed to be paid off.  I do not see any formal means or procedures
for renewing such a judgment.

HOWEVER, there are circumstances where the clock continues to run past
20 calendar years.  In some cases, the payment of part of the debt --
or certain other actions that acknowledge that the debt exists --
resets the clock, and the 20-year countdown starts anew.

Please bear in mind that Google Answers is not a source of
professional legal advice.  I can point you to the relevant NY State
law on this topic, if that would meet your needs as an answer to your
question.

However, if the timetable of the 20-year expiration is being disputed,
you'll probably need the services of a professional lawyer in NY to
argue before a court that the statute of limitations doesn't apply in
your particular case, because one (or more) of the exceptions apply.


Let me know your thoughts on how best to proceed on this.

pafalafa-ga

Request for Question Clarification by pafalafa-ga on 11 Mar 2006 17:43 PST
Just checking in...Have you had a chance to review my earlier posting (above)?

If so, I'd like to know your thoughts on it.

Thanks,

paf
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