Bill Text: NY A11677 | 2009-2010 | General Assembly | Introduced
Bill Title: Relates to increasing property values which are exempt from the satisfaction of a money judgement and increases the exemptions in bankruptcy.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2010-07-30 - referred to judiciary [A11677 Detail]
Download: New_York-2009-A11677-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 11677 I N A S S E M B L Y July 30, 2010 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Weinstein) -- read once and referred to the Committee on Judiciary AN ACT to amend the civil practice law and rules, in relation to increasing the property values which are exempt from the satisfaction of a money judgment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Paragraph 8 of subdivision (a) of section 5205 of the 2 civil practice law and rules, as added by a chapter of the laws of 2010 3 amending the civil practice law and rules relating to increasing the 4 property values which are exempt from the satisfaction of a money judg- 5 ment, as proposed in legislative bills numbers S.7034-A and A.8735-A, is 6 amended to read as follows: 7 8. one motor vehicle not exceeding four thousand dollars in value 8 above liens and encumbrances of the debtor; if such vehicle has been 9 equipped for use by a disabled debtor, then ten thousand dollars in 10 value above liens and encumbrances of the debtor; provided, however, 11 that this exemption for one motor vehicle shall not apply if the debt 12 enforced is for child support, spousal support, maintenance, alimony or 13 equitable distribution, OR IF THE STATE OF NEW YORK OR ANY OF ITS AGEN- 14 CIES OR ANY MUNICIPAL CORPORATION IS THE JUDGMENT CREDITOR; and 15 S 2. This act shall take effect on the same date and in the same 16 manner as a chapter of the laws of 2010 amending the civil practice law 17 and rules relating to increasing the property values which are exempt 18 from the satisfaction of a money judgment, as proposed in legislative 19 bills numbers S.7034-A and A.8735-A, takes effect. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD18028-01-0