Legal Question in Credit and Debt Law in New York

German civil judgment title - attachment of US assets

I am a German citizen and US greencard holder who recently lost a civil judgment in Germany. To what extent can a German court attch my US based assets which regard retirement assets, social security, bank pensin and IRA.


Asked on 10/19/07, 11:26 am

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

Re: German civil judgment title - attachment of US assets

If the judgment is domesticated in NY, the creditor may garnish 10% of income from any pension or trust. Of course, the creditor may seize any bank accounts you have or any other asset.

Mike.

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Answered on 10/19/07, 11:39 am


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