Legal Question in Credit and Debt Law in New York

Received an Income Execution for a credit card debt filed in court in January 2004. I have 20 days to respond by either making a payment plan of 10% or pay the full amount. I know there is a Statute of Limitations on credit card debt;does this qualify? What else can I do?


Asked on 4/19/12, 3:58 pm

1 Answer from Attorneys
simon goldenberg Law Office of Simon Goldenberg, pllc

A judgment in New York is valid for 20 years. You may be able avoid garnishment by promptly entering into a settlement. You can attempt to negotiate a voluntary repayment plan on a reduced amount, potentially saving you a significant amount of money in principal, interest, and up to 5% in marshall poundage fees. You need to act promptly to try to make a deal BEFORE the garnishment begins.

I have successfully assisted clients in similar situations as yours. Call my office to learn how we may assist you in resolving this account and help you avoid the income execution.

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Answered on 4/19/12, 4:43 pm


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