Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
I learned that in New York State judgments are for 20 years. I made an agreement with one creditor lawyer and another with a marshal. A rep from a lawyer called my voice mail and asked me or my deceased wife to call back. I am now able to identify the creditor. Judgment was in 1994. As yet, this creditor was not paid.
Please reread the first sentence. With patent law there are constant lawsuits where the defendant denies use of a patent. A lawyer should help a client to save money and not to set a good example. I did not get any mail from the creditor who called. Will the statute of limitations run out here? Please remember I only have social security and pension which is exempt income.
You state that you made an agreement, but you have never paid. I further assume that payment has never been extracted from you via garnishment or property levy. If so, then your agreement must have been made in writing and signed by you to be valid. Otherwise, there was no agreement, and the judgment would expire in the year 2014.
If you did sign an agreement, then the judgment would be valid from 20 years after the date of signing.
Please let me know if my answer is helpful and if I can further assist.
for socrateaser only
In 1994 I was employed. I may or may not have responded to the summons. If I did I spoke to a referee. The creditor received judgment for 5 accounts. In some cases I default by not going to court. Regardless, the creditor received judgments. I signed no agreement.
I do not know how many accounts the lawyer who called my voice mail is handling.
Let us take a hypothetical example. If judgments were in December 1994 does the statute of limitations expired January 1?
Also, will this cause a forgiveness or cancellation of debt?
I do know that it is in a defendant best interest not to reinstate the statute of limitations. We agreed that if a lawyer wants information they can serve a subpoena. Also, silence cannot be construed as a reply. Any comment that you would like to add to this?