In a case of first impression the New Jersey Appellate Division crushed the hopes of judgment creditors from forcing a partition sale of property owned by a married couple as tenants by the entirety in order to satisfy the judgment debt obtained against only spouse. Jimenez v. Jimenez, Docket No. A-2495-16 (App. Div. May 8, 2018).
In this famil ... Read More.
In a November 14, 2017 decision, the New Jersey Supreme Court addressed two important questions arising under Article 9 of the Uniform Commercial Code governing the pledging and perfection of a security interest in an attorney's contingency fee.
(1) Is the pledge of an anticipated attorney's fee considered an account receivable that can be sec ... Read More.
Despite New Jersey having a uniform policy on the books when it comes to computing the allowance of a county sheriff's fees for carrying out judicial execution sales, see N.J.S.A. 22A:4-8, in practice the results will often vary from County to County. My firm recently recovered payment of a civil judgment for $56,000 immediately following a levy on ... Read More.
When does a New Jersey resident lose all right to funds in a bank account levied by a judicial officer on behalf of a judgment creditor?
The answer: "When the Superior Court of New Jersey enters an order compelling the bank to turnover or surrender the funds." If a turnover order is entered before a bankruptcy petition is filed, the debtor ... Read More.