New York Executions Attorney
Legal Counsel for Those Navigating Issues Involving Writs of Execution
When a creditor takes legal action against a debtor, the creditor may win a judgment by confession, entitling the creditor to seize properties and assets from the debtor in order to pay off the debt. However, when creditors are unable to collect, they may obtain an execution. This is a court order that allows a sheriff or another authority to seize the debtor’s property to be sold at a sheriff’s sale, the proceeds of which are then used to pay back debts.
If your creditor has been issued a writ of execution or if you have been contacted by a sheriff or similar official seeking to seize your property, contact Jacovetti Law, P.C. to discuss your legal rights and options. It may be possible to fight the writ of execution or stop executions altogether. It is important that you act quickly, as any delay can jeopardize the outcome of your case.
Contact Jacovetti Law, P.C. now at (516) 217-4488 for a free 30-minute initial consultation.
What Properties/Assets Can a Sheriff Seize?
Many people are understandably concerned when a sheriff knocks on their door to inform them that they intend to seize property to be sold to pay off debts. It is important that you realize some property is exempt, while other property is non-exempt. Only non-exempt properties/assets can be seized via writs of execution.
Non-exempt properties and assets include:
- Rental properties
- Vacation homes
- Second homes
- Boats and other recreational vehicles
- Certain personal property
In other words, all of the above assets (as well as others) can be seized and sold at a sheriff’s sale to pay back your debts after a writ of execution has been issued by the court.
Stopping a Writ of Execution
It is possible to stop executions, but you will most likely need to work with all involved parties to resolve the judgment. This typically involves a plan to pay back your debts in a reasonable amount of time. You can also stop a writ of execution by filing for bankruptcy, though this also comes with its own set of consequences. However, if you are unable to pay back most—if not all—of your debts, filing for bankruptcy may be your best option for stopping the execution.
When you work with Jacovetti Law, P.C., we can help you fully understand all of your legal rights and options. Our New York executions attorney is a skilled negotiator and seasoned litigator; we can use our extensive legal resources and years of experience to defend you and your future. Our firm can also help you regain financial control for a better, brighter future.
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