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NY A11677

Bill

Official Source

Status

Introduced

7/30/2010

Primary Sponsor

Helene Weinstein

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Amends Civil Practice Law and Rules Section 5205 to modify motor vehicle exemptions from money judgment satisfaction
  • Motor vehicle exemption increased to $4,000 in value above liens and encumbrances for standard vehicles
  • Motor vehicle exemption increased to $10,000 in value above liens and encumbrances if the vehicle has been equipped for use by a disabled debtor
  • Exemption does not apply if the judgment creditor is the State of New York, any state agency, or any municipal corporation, or if the debt is for child support, spousal support, maintenance, alimony, or equitable distribution
  • Takes effect on the same date as bills S.7034-A and A.8735-A

Legislative Description

Relates to increasing property values which are exempt from the satisfaction of a money judgement and increases the exemptions in bankruptcy.

Last Action

referred to judiciary

7/30/2010

Committee Referrals

Judiciary7/30/2010

Full Bill Text

No bill text available