By: Robert J. Nahoum Can retirement funds be levied in New York? In most cases, no. New York law generally protects retirement funds from judgment creditors, including many 401(k)s, IRAs, pensions, and similar retirement accounts. The key issue is usually not whether a creditor has a judgment, but whether the money is actually protected retirement money and whether it has been […]
Can Retirement Funds Be Levied in New York to Satisfy a Debt Collection Judgment?
Do Collection Agencies Sue Consumers in New York? What You Need to Know
By: Robert J. Nahoum If you have been contacted by a collection agency, you may be wondering: do collection agencies actually sue consumers? The answer is often misunderstood. In most cases, collection agencies themselves do not sue. Instead, lawsuits are typically filed by the original creditor or by a company that claims it purchased the debt – junk debt buyers. […]