Legal Question in Credit and Debt Law in New York

If a judgment is outstanding against someone for $100,000 for example and that judgment debtor has an amount in an account of somewhat less than that ($90,000 for example), is it possible for the judgement holder to seize the dollar amount of that account or must the balance in the account be $100,000 or more in order for the holder to execute against it? In other words could 4 different accounts each with a balance of $25,000 be seized in order to pay off that judgment or not?


Asked on 7/07/15, 4:42 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

It is good up to the amount of the judgment from 1 account or multiple accounts.

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Answered on 7/07/15, 4:47 pm


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