Legal Question in Credit and Debt Law in New York
annuities
can I as a judgment creditor seize my debtors annuities in the state of new york?
Asked on 1/12/09, 6:54 pm
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: annuities
No. Under CPLR 5205(c)(3), an annuity is exempt from a judgment creditor. However, income received by the judgment debtor may be seized (10%) under CPLR 5205(d)(1).
Mike.
Answered on 1/13/09, 8:16 am
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