New York Collections-Creditors Rights FAQs
-
Is there a statute of limitations on executing my judgment?
Yes. Judgments must be executed within 5 to 20 years, depending on your state. In New York the statute of limitations is 20 years. Petitioning the court can extend the … more -
Can I collect interest on my unpaid judgment?
Yes. Interest began accruing the day your judgment was issued. The rate varies from state to state. New York's current rate is 9%. Your judgment may be worth … more -
Is there any guarantee I can collect on my judgment?
No. Sometimes there are simply no assets to seize. -
How long before I actually see results?
It all depends on the difficulty in locating your debtor and the difficulty in uncovering his assets. You can typically expect to see some preliminary results within … more -
I have a judgment awarded in one state against a debtor who resides in another state, can I still collect?
Yes, in most cases this can be done. You can join a network of Judgment Enforcement Specialists that can help when the debtor has moved out of state.
