New York Statutes
§ 5034 — Failure to make payment
New York·Law CVP Civil Practice Law & Rules·Art. 50-A Periodic Payment of Judgments In Medical and Dental Malpractice Actions
§ 5034. Failure to make payment. If at any time following entry of\njudgment, a judgment debtor fails for any reason to make a payment in a\ntimely fashion according to the terms of this article, the judgment\ncreditor may petition the court which rendered the original judgment for\nan order requiring payment by the judgment debtor of the outstanding\npayments in a lump sum. In calculating the amount of the lump sum\njudgment, the court shall total the remaining periodic payments due and\nowing to the judgment creditor, as calculated pursuant to subdivision\n(e) of section five thousand thirty-one of this article, and shall not\nconvert these amounts to their present value. The court may also require\nthe payment of interest on the outstanding judgment.\n
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Related
Bryant v. New York City Health & Hospitals Corp.
716 N.E.2d 1084 (New York Court of Appeals, 1999)
Desiderio v. Ochs
791 N.E.2d 941 (New York Court of Appeals, 2003)
Nearby Sections
15
§ 5003
Interest upon judgment§ 5003-B
Nondisclosure agreements§ 5004
Rate of interest§ 5014
Action upon judgment§ 5016
Entry of judgment§ 5017
Judgment-roll§ 5018
Docketing of judgment