Legal Question in Credit and Debt Law in New York

13-year-old Judgment for Auto Lease
In 1987, I have leased a car in New York from a New Jersey leasing company. Six months later, the vehicle was stolen and my insurance company refused to pay the claim due to some irregularities. A few months later, I stopped making the lease payments. The leasing company sued me and, in 1992, entered a judgment against me in New York (my place of residence). I have never made any payments and it seems that the company was not actively persuing me to retrieve its money. Several months ago, I conducted a little research and found out that the company was void by proclamation in 1989 (tax suspension date was 07/30/1993). Can this company still collect, even though most likely it was dissolved? Can I enter a judgment dismissing claim based on the fact that the company no longer exists? Is there a statue of limitations on judgments?

Asked on 5/20/05, 11:21 am

Robert R. Groezinger GroezingerLaw P.C.

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Re: 13-year-old Judgment for Auto Lease

The judgement is good for 20 years.

It can bite you when you try to sell a piece of property if a lein comes up against your name.

Feel free to call with any questions.

Good Luck.

RRG

Answered on 5/20/05, 4:46 pm

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