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  • Can Banks Freeze LLC Accounts for Personal Judgments? | NY Legal Guide
    Can Banks Freeze LLC Accounts for Personal Judgments? | NY Legal Guide

    Can a Bank Restrain (freeze) the Bank Account of a Judgment Debtor's LLC Based on an Individual Debt? A bank's ability to restrain an LLC's account for a judgment debtor's personal debts is complex. ...

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  • How Do Merchant Cash Advances Differ From the Sale of Future Receivables?
    How Do Merchant Cash Advances Differ From the Sale of Future Receivables?

    The key differences between a Merchant Cash Advance (MCA) and the sale of future receivables: 1) Legal Nature: An MCA is not technically a loan, but rather an advance purchase of a business's future ...

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  • 2024 Lessons About a $260K Judgment Tossed in 2011: "Dwelling Place" or "Abode"
    2024 Lessons About a $260K Judgment Tossed in 2011: "Dwelling Place" or "Abode"

    In the 2011 case handled by The Langel Firm, we overturned a $266,382 judgment and compelled the dismissal of the case. This foreign-judgment case represented a significant legal victory underscoring ...

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  • In New York, What Personal Property is Exempt from Creditors?
    In New York, What Personal Property is Exempt from Creditors?

    In New York, the law that governs property exempt from the satisfaction of money judgments is CPLR § 5205. Below is a general list of what personal property is exempt from the reach of your creditors. ...

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  • Can Creditors Seize Your Joint Bank Account? Know Your Rights in New York
    Can Creditors Seize Your Joint Bank Account? Know Your Rights in New York

    What are your rights when your bank account is jointly held? Can the creditor's attorney simply take all of the money? Under New York law, a joint bank account vests both holders with an unconditional ...

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  • Need to Vacate a Default Judgment? Include Good "Excuses" for Not Defending
    Need to Vacate a Default Judgment? Include Good "Excuses" for Not Defending

    Facing a wage garnishment or bank restraint due to a judgment? Consider the excuses below to help you overturn the judgment at issue. New York law (CPLR § 5015) allows you to file a motion to vacate a ...

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