New York  |  Credit and Debt Law

Legal Question

Asked on: 7/23/12, 7:11 pm

I own 50% of a property in New York. I've had multiple judgements against me personally (having nothing to do with the property) but I'm still scared I may lose it to creditors. In what ways could my creditors possibly impact the property I share ownership of with someone else?

1 Answer

Answered on: 7/23/12, 7:42 pm by David Slater

Your share is subject to levy and execution. They would then be co owners with the other owner.

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David P. Slater, Esq. 5154 Windsor Parke Dr. Boca Raton, FL 33496

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