restraining notice to judgment deptor

how does efect my propertys,bank accounts,joint accounts,joint investment account,car.

Asked on June 15, 2009 under Insurance Law, New York

Answers:

J.V., Member, New Jersey Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

If a judgment has been obtained against you by a creditor they will now be able to pursue collection efforts. Let me first advise you to contact said creditor or their attorney, set up a payment plan to ensure no further action is taken.

If you don't do that that the creditor has the option to place alien on any property you own, they can place a lien on or repossess your car, they can freeze your bank account as long as the minimum balance is met, they can garnish your wages, and basically until you pay the debt or set up a payment plan all your assets are fair game


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