CPLR 52 Volume 1B Flashcards
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
______ of the income from an exempt trust (The court may increase this to ______ )
90.00%…. 100%
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
______ of the earnings of the debtor within ______ prior or anytime after an income execution is delivered to the sheriff
90.00%…. 60 days
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
Payments for the ________ or ____________ stemming from a matrimonial action where such wife or child is the debtor is exempt
wife or child’s support
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
The pay and bounty of non-commissioned officers, musician or private in the armed forces or a land warrant, pension or other reward for services in the armed forces, a sword, horse, medal,emblem or device as a testimonial for services rendered, or uniform, arms or equipment used are all exempt…they can’t take the Purple Heart!
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
The pay and bounty of non-commissioned officers, musician or private in the armed forces or a land warrant, pension or other reward for services in the armed forces, a sword, horse, medal,emblem or device as a testimonial for services rendered, or uniform, arms or equipment used are all exempt…they can’t take the Purple Heart!
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
_______ of any money or debt due for the sale of milk produced on a farm by the debtor (MY BABY’S MILK MONEY!)
90.00%
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
_________ for the rental of real property or security towards the utilities for the judgment debtor’s residence are exempt… this includes a telegraph. These statutes are wild.
Security deposits
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
Any and all _________ and ________ accessions to the human body…Ex: Artificial limbs or teeth
medical and dental
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
Any guide dog, service dog or hearing dog along with a lifetime of _________
their food
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
Life insurance policies that have __________ are exempt
a cash value
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
Money in the NYS college tuition savings trust is exempt as follows:
- _______ in an account in connection with a scholarship program
- ______of the money of an account owned by the debtor who is a minor and sole beneficiary
- Up to _________________ in a tuition savings account owned by any other judgment debtor
100.00%… 100%…… 10,000 Dollars
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
If a convicted person obtains funds awarded by judgment, the first ___________ of such funds shall not be subject to execution for the satisfaction of a money judgment
TEN PERCENT (10%)
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
Any statutorily exempt payments directly or electronically deposited into a judgment debtors account during the __________ period prior to a restraining notice sent to the bank, then ________ is exempt from the satisfaction of a money judgment
45 DAY…. 2500.00 dollars
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
Statutorily exempt funds include:
- Social Security for Retirement, Survivors or Disability
- SSI or Child Support
- Veterans Administration Benefits
- Public Assistance,Workers Comp, Unemployment
- Pensions, Railroad Retirement, Black Lung Benefits, and NEW COVID emergency relief funds (SEE BELOW)
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
Statutorily exempt funds include:
- Social Security for Retirement, Survivors or Disability
- SSI or Child Support
- Veterans Administration Benefits
- Public Assistance,Workers Comp, Unemployment
- Pensions, Railroad Retirement, Black Lung Benefits, and NEW COVID emergency relief funds (SEE BELOW)
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
Be mindful that dollar amounts of the exemptions can be adjusted at _______ intervals by the Superintendent of Financial services based on the CPI-Urban Consumers, if done this happens on _________
3 year…. April 1st
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
NEW: Exemption for emergency relief funds.
Any payments to individuals, including:
- tax refunds,
- recovery rebates,
- refundable tax credits, and
- any advances of any tax credits,
under the federal Families First Coronavirus Response Act (FFCRA), Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act), Consolidated Appropriations Act of 2021, and American Rescue Plan Act of 2021 (ARPA) are exempt from application to the satisfaction of a money judgment.
This exemption shall not apply:
- (i) if the debt enforced is for child support, spousal support, maintenance, alimony, a distributive award in a matrimonial action, or restitution in a family offense proceeding, or
- (ii) to that portion of any money judgment awarded on a claim that the emergency relief funds referenced herein are the rightful property of the judgment creditor.
**5205 - Personal Property Exempt from the Application to the Satisfaction of Money from Judgments (KNOW THIS - THEY WILL ASK)
The following income is exempt from collection:
NEW: Exemption for emergency relief funds.
Any payments to individuals, including:
- tax refunds,
- recovery rebates,
- refundable tax credits, and
- any advances of any tax credits,
under the federal Families First Coronavirus Response Act (FFCRA), Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act), Consolidated Appropriations Act of 2021, and American Rescue Plan Act of 2021 (ARPA) are exempt from application to the satisfaction of a money judgment.
This exemption shall not apply:
- (i) if the debt enforced is for child support, spousal support, maintenance, alimony, a distributive award in a matrimonial action, or restitution in a family offense proceeding, or
- (ii) to that portion of any money judgment awarded on a claim that the emergency relief funds referenced herein are the rightful property of the judgment creditor.