A question that is often asked: When are appeal bonds filed, and when does the stay go into effect? In various state courts, there are different rules and requirements. In this article, we’re going to talk about New York, New Jersey, and the Federal courts to...
In New York State, an automatic stay of execution of a judgment (CPLR 5519) is granted upon the filing of an Undertaking on Appeal and a Notice of Appeal. CPLR 5519 requires that appeal bonds (Undertaking on Appeal) include a provision to bond post-judgment interest...
In New York State’s court system, the prevailing party has the ability to execute on a judgment as soon as it has been entered by restraining assets and eventually seizing assets such as real property or bank accounts. The losing side can avoid having money restrained...
