Legal Question in Credit and Debt Law in New York

Hello,

My company received a judgement against it over 13 years ago in New York (in federal court I believe). I had no idea about this judgement since it was before I became owner. We mainted a business relationship with the plaintiff during the 13 years. The judgement was never mentioned. However, last week, the attorneys for the plaintiff placed a hold on my business bank account. My question is- does the judgement have to get renewed after 10 years? If it does, would I have received paperwork about the renewal? What happens if the judgement is not renewed within the 10 years? Thank you so much!


Asked on 4/10/12, 8:17 am

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

In New York, a judgment lasts for 20 years. It only creates a lien against real property for 10 years.

Mike.

Read more
Answered on 4/10/12, 8:24 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in New York